Visu Autotech secured 250 million yuan in funding in its latest fundraising round, Yicai Global said Wednesday, citing a statement from the company.
Dongfeng Motor Group (HKG:0489) was among the investors in the latest financing round, which was co-led by China Life Insurance's (HKG:2628, SHA:601628) private investment arm, the report said.
The Chinese automotive thermal management services provider will use the proceeds to accelerate the development of its core business in electric vehicle thermal management and smart chassis systems, as well as for seeking new opportunities, the report said.
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