Deepal Series C Funding Strengthens Changan’s EV Growth Strategy

On a recent date, Deepal Series C funding marked a significant milestone for the electric vehicle brand as it secured fresh capital to strengthen its position in China’s increasingly competitive EV market. The funding round reinforces Deepal’s long-term growth strategy while enhancing its ability to scale product development and market presence.
Deepal confirmed the successful completion of its Series C financing, raising RMB 6.122 billion, equivalent to approximately USD 874 million. The newly secured capital is expected to accelerate technology development, expand production capabilities, and improve competitiveness across multiple electric vehicle segments as pricing pressure intensifies industry-wide.
Deepal Series C Funding Attracts Strategic Investors
As part of the Deepal Series C funding, the company onboarded two new strategic shareholders, adding both financial strength and institutional backing. The investor mix reflects growing confidence in Deepal’s product roadmap and long-term role within China’s new-energy vehicle ecosystem.
Key highlights of the funding structure include:

• Chongqing-based Yufu Holding Group joined as a new state-owned shareholder

• CMB Financial Asset Investment participated through its parent financial group

• Existing shareholders experienced moderate equity dilution following the round

Post-funding, Changan Automobile continues to hold a controlling stake, maintaining operational influence while allowing strategic partners to support Deepal’s expansion phase.
Expanding Electric Vehicle Portfolio and Market Reach
Deepal was introduced as Changan’s dedicated electric vehicle brand in 2022 and entered the market with a sedan positioned directly against established global EV competitors. Since then, the company has rapidly expanded its lineup to address diverse customer segments.
The current product portfolio includes:

• Multiple electric sedans targeting mid-size and premium segments

• A growing range of SUVs designed for urban and performance-oriented buyers

• Models covering both mass-market and higher-value positioning

This diversified approach supports higher volume potential while balancing margins in a highly price-sensitive market.
Sales Momentum Supports Investor Confidence
Operational performance has played a central role in supporting Deepal Series C funding. From January to November, the brand delivered over 300,000 vehicles, reflecting strong year-on-year growth driven by expanding model availability and improved distribution reach.
Monthly deliveries exceeded 30,000 units for three consecutive months, demonstrating stable demand despite broader market fluctuations. While November sales saw a modest annual decline, the sustained volume milestone underscores Deepal’s growing scale and resilience in a crowded EV landscape.
With fresh capital secured and a broadening product range, Deepal is positioned to accelerate development, reinforce brand visibility, and compete more aggressively in China’s evolving electric vehicle market.