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China Digest: Immotor snags $28m round; Shanghai-listed Sokon raises $1.1b

China Digest: Immotor snags $28m round; Shanghai-listed Sokon raises $1.1b

Source: Immotor Technology

Green energy technology startup Immotor Technology has closed $28 million in a Series C round. Separately, automaker Chongqing Sokon Industry Group has raised billions of Chinese yuan to shift its business focus to new energy vehicles.

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