Chinese EV firms like Changan's Avatr raise billions to boost R&D and global expansion.

China's NEV sector is attracting substantial investment, with Changan Automobile's Avatr raising over $1.51 billion to speed up R&D, build its brand, and expand globally. U Power and Nio have also raised significant funds, enhancing their production and technology. These investments aim to boost consumer confidence and support market growth amid recent challenges faced by some EV startups.