DEEPAL launches new funding round

Shanghai (Gasgoo)- DEEPAL, a new energy vehicle (NEV) maker under Changan Automobile, recently initiated a new fundraising round after listing on the Chongqing United Assets and Equity Exchange, with the transaction slated for completion by the end of December.

Under the plan, incoming investors may take up to a 20% equity stake. Proceeds will be directed toward next-generation vehicle development, advances in intelligent and electric technologies, and strengthening the company's global brand presence.

The move marks another step in DEEPAL's capital-market evolution and offers a timely case study of how Chinese NEV makers seek sustainable value growth in an increasingly rational investment climate.

Changan Automobile has set an ambitious target of five-million-unit annual sales by 2030, with DEEPAL responsible for 2 million of those units. That expectation underscores the brand's strategic role across global expansion, manufacturing capacity planning, and future product deployment.

DEEPAL has now entered nearly 100 countries and has adopted a dual-track strategy combining diversified product releases with multiple powertrain options. This allows the company to meet varied market needs and shift from merely "exporting" to deeply integrating into overseas ecosystems. Such global diversification reduces reliance on any single market and strengthens profitability and brand resilience.

DEEPAL is also advancing development of its second-generation product lineup, with launches scheduled to begin in 2026. The company aims to roll out 30 new models by 2030, assembling a broad portfolio designed to strengthen its competitive moat in global markets.

Notably, existing shareholders plan to participate in the capital increase through private agreements at the same valuation as external investors. The decision signals strong internal confidence in DEEPAL's prospects and helps preserve shareholding stability.

The new capital will reinforce DEEPAL's core priorities—R&D, intelligent and electrified technologies, and global brand building—all aligned with its long-term strategy. As China's NEV sector shifts from price-driven rivalry to a competition based on value creation, Deepal is positioning itself with scale, technology, and globalization as the three pillars of its growth trajectory, especially as it emerges as a central asset within the broader Changan Automobile's ecosystem.

The fundraising effort reflects both recognition of the company's progress and renewed support for its future roadmap. Amid a more disciplined investment environment, DEEPAL is demonstrating the potential for predictable, high-certainty growth through solid sales momentum, accumulated technological capability, and an expanding global footprint.