Bordrin Motor has collected $362m in funding from a group of investors led by Sinochem International, while Sumitomo and Positec also participated.

China-based electric car developer Bordrin Motor collected RMB2.5bn ($362m) in funding yesterday from a consortium led by Silver Saddle Equity Investment Management, an investment arm of chemicals, oil and fertiliser conglomerate Sinochem International. The round included power tools manufacturer Positec and Sumitomo Corporation Equity Asia, a corporate venturing division of diversified conglomerate Sumitomo. Prosperity Investment,…

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