SK China, Xiaomi and Lenovo were among the investors as BYD's electric vehicle chip spinoff added $113m to the $265m it announced last month.
BYD Semiconductor, a semiconductor-focused spinoff of China-based electric vehicle (EV) maker BYD, raised RMB800m ($113m) in series A-plus funding on Monday from 30 investors including several corporates, according to a stock exchange filing.
The round included SK China, a local investment vehicle for South Korea-headquartered conglomerate SK Group, as well as logistics services provider Shenzhen Galaxy Supply Chain, and electronics producers Xiaomi and Lenovo, through Changjiang Industry Fund and Changjiang Science and Technology Industry Fund respectively.
CMB International Capital’s…
