On January 24, according to 36Kr, a number of insiders revealed that Luoke Automobile, the car-making project of Chang Jing, founder and CEO of Stone Technology, has completed a financing of 100 million US dollars at the end of 2021, led by Tencent Group, and the investment institution Sequoia has also participated in the investment.
Tencent Group, NIO's second largest shareholder, is the lead investor in this round of financing, "Tencent's investment in this round of financing exceeded 50 million US dollars". At present, Luoke Automobile is conducting a new round of financing with a valuation of $2 billion.
However, in this news, Luoke Automobile has not responded, and Tencent will not comment.
It is reported that Luoke Automobile was established at the end of 2020, and the car-making project founded by Chang Jing, the founder of Stone Technology. Chang Jing is a typical car enthusiast, especially fond of off-road vehicles.
There is information that the positioning of the first car of Luoke Automobile is the off-road model of the Benchmark Mercedes-Benz G series, hoping to break through 1,000 kilometers in a single end with the help of range extension technology.
Former Luoke Automobile is headquartered in Shanghai, Changjing serves as the chairman of the company, and Yan Feng, former CTO of WM Motors, has joined the company as CEO.
In addition, some investors revealed that after Tencent invested in Luoke Automobile, Weilai Capital and Meituan had relevant people who intended to contact Luoke Automobile to negotiate investment matters, but they were rejected.
However, there is information that Changjing is not very involved in the daily operation of Stone Technology at present, and most of his time is spent on automotive products, and Changjing also told investors that car manufacturing will be the focus of his next work.
