FMC successfully finances $ 200 million, the first model will be launched in the end of 2019

Shanghai, August 17, Gasgoo - It is reported by foreign media that Dai Lei (Daniel Kirchert), the co-founder and president of the newly-established electric car company FMC (Future Mobility Corp) says that in the latest round of financing, FMC has successfully raised funds of 200 million US dollars (about 13.37 billion Yuan ). The new investors include Fullshare Holdings Ltd and Zijin Venture Capital. Dai Lei points out that most of the funds will be used for product development.

Last December, FMC completed the Pre-A round of financing. Among them, China Harmony Auto Holding Limited invested 30 million US dollars, Uni-power and Jin Heng funded 17,142,900 US dollars, a total of 47,142,900 US dollars were raised in this round of financing.

It is reported that FMC plans to launch three models. The company plans to launch luxury medium-sized cross-border SUV in the fourth quarter of 2019, after three years it will launch a sedan model and a 7-seats MPV. According to the latest report, in order to compete for market with Tesla Model 3, the prices of all the initial models are likely to be about 300,000 Yuan (about 44,874.58 dollars).

FMC is formed in April 2016 by the head of the BMW i8 project Carsten Breitfeld and two foreign executives. One is the former general manager of Dongfeng Infiniti, the other is senior vice president of BMW Brilliance Dai Lei. FMC is also one of the first hatching companies of Hexie Futeng, the join venture of Tencent and Foxconn. Earlier this year, FMC and Nanjing Economic and Technological Development Zone signed an agreement, and announced that the company settled the production base of electric vehicles in Nanjing Economic and Technological Development Zone.