VOYAH introduces new shareholders including Ganfeng Lithium

Beijing (Gasgoo)- Dongfeng Motor's premium new energy vehicle maker VOYAH saw its registered capital raised to 3.085 billion yuan from the original 2.61 billion yuan, according to Chinese corporate database Tianyancha. 

Photo credit: VOYAH

With the 18.21% increase in registered capital, VOYAH also added several new entities to its shareholder list, including BOC Asset Investment Fund Management Co. Ltd., ICBC Financial Asset Investment Co. Ltd., and Jiangxi Ganfeng Lithium Group. 

On November 17, 2022, VOYAH announced the completion of the paper signing and settlement of its Series-A financing, which raised for the company 4.55 billion yuan. VOYAH's market valuation after the round shot up to nearly 30 billion yuan. 

According to VOYAH, the fresh round was jointly led by China's State-owned enterprises mixed-ownership reform fund and Bank of China Financial Asset Investment. Other investors of the round include six state-owned capitals, as well as Ganfeng Lithium, Sunwoda, and Dongfeng Motor.

In the entire year of 2022, VOYAH's cumulative deliveries summed up to 19,409 vehicles, soaring 185.8% from the previous year. However, deliveries of VOYAH-branded vehicles only went on for five months in 2021, which amounted to 6,791 vehicles in total.