Chinese NEV Maker SITECH DEV Says It Enters Unicorn Club After Series B Round

Chinese new energy vehicle (NEV) manufacturer SITECH DEV has developed DEV1, an ultra-predictable A0 electric vehicle model equipped with a D-OS intelligent vehicle networking system and a vehicle-mounted charging service network system.

Chinese new energy vehicle (NEV) manufacturer SITECH DEV announced on Thursday that it has reached the unicorn valuation of at least US$1 billion after the completion of a series B funding round led by an industry fund from southwestern China’s Chongqing city.

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