China's EV Startups Defy Funding Slump With $6 Billion of Deals
(Bloomberg) —China’s electric vehicle startups are defying the venture capital winter.
While the country is leading a global contraction in VC investment, its auto sector has taken the top spot for funding so far this year, with more than 147 deals amounting to $5.95 billion, according to data from research firm Preqin.
Much of that has been from capital flowing into EVs, with batteries and semiconductors — two other high-growth sectors in the new-energy vehicle chain — in fourth and fifth place.
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