Chinese electric truck maker Windrose lifts fundraising goal to $300 million, source says [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
Windrose has selected sites for three assembly plants - one in each of the United States, France, and Belgium, said the person, adding the size would vary and each plant would have a research and development team. It is also seeking to build a second manufacturing base in the U.S. which would be bigger, and is still scouting locations, the person said. Windrose did not immediately reply to a request for comment. CEO Han Wen said last year Windrose was aiming for a global production capacity of more than 10,000 trucks annually by the end of 2027, with planned plants in Georgia and Belgium piecing together chassis and other vehicle parts manufactured in China. Windrose's heavy truck will compete directly with Tesla's Semi at the same price of about
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