On December 25, IM Motors, a subsidiary of SAIC Group, announced the completion of its B1-round equity financing, bringing the total Series B funding to 9.4 billion yuan. The funds will be allocated toward the development of key technologies such as digital intelligent chassis systems, steer-by-wire technology, and advanced autonomous driving capabilities.
Additionally, the financing aims to accelerate the launch of new products. By 2025, IM Motors plans to introduce four new models, including two pure electric vehicles and two extended-range hybrids. This marks a significant step forward in the company's strategy to strengthen its position in the competitive electric vehicle market.
