China's Cedarlake Capital closes $190m fund to invest in smart manufacturing, new energy cars

China's Cedarlake Capital closes $190m fund to invest in smart manufacturing, new energy cars

Tianjin City, China. Photo by Sun Mingze on Unsplash

Cedarlake Capital, an investment platform with $3 billion in assets under management (AUM), has closed a new RMB-denominated fund at 1.25 billion yuan ($189.6 million) to focus on investments in the smart manufacturing and new energy vehicle (NEV) industries.