SkyCar announced today that it has completed a new round of financing, with a total amount of 5 billion RMB. The main investors are local governments, fund institutions, and large state-owned banks. This is the second high amount of financing after the 2 billion RMB A-round financing on April 14, 2019. The funds from this round will mainly be used for the R&D of medium to high-end new car models, intelligent manufacturing, sales channels and service system construction, brand marketing promotion, etc. SkyCar also plans to IPO in 2021.
As one of the domestic new forces in the car industry, SkyCar launched the ME7 pure electric car model in September, with two different mileage configurations at 410 km and 530 km, priced at 2.188-2.898 million RMB.
Overall, the positioning of SkyCar’s ME7 is considered a mainstream product among the new car makers. However, besides facing competition from NIO’s ES6, there are also strong opponents such as Aiways U5, WM EX6, and traditional car companies like GAC New Energy Aion LX and BYD Tang EV. Of course, the future market performance of the new car will be determined by various factors, and consumers will pay close attention to the product’s reputation and after-sales performance.
Source: SkyCar
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