Chinese High-End New Energy Vehicle Brand ENOVATE Nets Over $298M Series A Round

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Chinese new energy vehicle brand ENOVATE launched its first model, a luxury electric sport utility vehicle (SUV) named "ME7," in November 2018 in Guangzhou.

Chinese new energy vehicle brand ENOVATE announced on Sunday that it has raised over RMB2 billion (over US$298.31 million) in a series A round of financing from investors including a government-guided industry fund.

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