Smart plans to raise US $250-300 million in round A financing, and Tianqi Lithium Industry leads the investment.

CTOnews.com, July 13, smart announced plans to raise $250 million to $300 million in round A financing from the capital markets. This round of investment is led by Tianqi Lithium Industry, whose planned investment amount is as high as 150 million US dollars. After the implementation of this round of fund-raising plan, Mercedes-Benz and Geely partners fully support the financing plan and will still jointly control the global company of the smart brand according to the same share ratio.

According to data released by smart, in June 2023, SM delivered 3829 units in the Chinese market, an increase of nearly 46% over the previous month. The cumulative delivery volume in the Chinese market in the first half of 2023 was 23540 units. In overseas markets, smart's elf # 1 model has started delivery in Germany and France, and plans to launch and deliver in other European markets one after another.

CTOnews.com noted that the new smart Wizard # 3 was officially launched in China on June 1 this year, and delivery began immediately within 20 days. In early 2024, the new smart Wizard # 3 will also be officially available in the European market.