Changan’s EV Unit Deepal Secures $844 Million Lifeline as Losses Mount
Deepal Automobile Technology Co., Ltd., the electric vehicle subsidiary of Changan Automobile, has secured a significant capital injection to bolster its balance sheet. However, the funding arrives as the automaker grapples with persistent insolvency, widening financial gaps, and missed sales targets in a hyper-competitive market.
The company announced on