Future Mobility Corporation Ltd. (“FMC”), advised by King & Wood Mallesons (KWM), successfully raised a total of US$200 million, and will establish a high-end smart electric vehicle manufacturing base in Nanjing.

Founded in March 2016, FMC is a smart connected pure electric luxury car company, which is committed to the R&D and manufacturing of high-end smart electric vehicles. FMC currently has product concepts and design and R&D centers in Munich, Germany and Silicon Valley, U.S. respectively. This round of financing was led by a new energy automotive industry fund, with investors including Suning, Fullshare and other well-known enterprises. The financing will mainly be used for product development. At the same time, FMC will establish its global operations headquarters, intelligent manufacturing base and R&D center in the Economic Development Zone, Nanjing, China.

Acting as counsel for FMC, KWM provided a comprehensive, professional, high quality and efficient service in the transaction, which has been highly recognized by the client. The KWM team is composed of partners from different practice groups, led by corporate M&A partners Wang Kaiding and Jonathan Grant, and finance & capital market partner Laurence Yuan.