Deepal Auto Completes Series C Funding Round of RMB 6.122 Billion, Led by Changan Automobile

[Capital Update] Deepal Auto has completed its Series C funding round of RMB 6.122 billion, achieving a post-money valuation of RMB 14.55 billion.

💰 Funding Structure: Changan Automobile Leads, Three Parties Invest Together

This round was jointly funded by Changan Automobile, Chongqing Yufu Holdings Group, and China Merchants Bank Financial Asset Investment. Changan contributed RMB 2.079 billion in cash plus RMB 1.043 billion in intangible assets (including technologies for the S05 and G318 models). Yufu and CMBFAI invested RMB 2.5 billion and RMB 0.5 billion in cash, respectively.

📊 Key Metrics: Deliveries Surpass 700,000 Units, 2025 Sales Up 45.73% Year-over-Year

As of December, Deepal has delivered over 700,000 vehicles globally, with its products available in nearly 100 countries and regions. From January to November 2025, it sold 302,118 units, maintaining its position as the top central state-owned enterprise in the new energy vehicle segment.

🔍 Strategic Foundation: Strengthening Technological Moats and Accelerating Global Expansion

The proceeds will be used for intelligent driving R&D (including L3 autonomous driving) and overseas expansion. Deepal has already established a portfolio of six vehicle models and is collaborating closely with Huawei to advance high-level intelligent driving solutions.