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Neolix completes nearly $400 million Series E, CEO Yu Enyuan discusses logistics vehicle TCO and overseas expansion

Neolix announced on October 20 that it completed a Series E round of nearly $400 million, co-led by Boyu Capital and a state-level fund, with participation from Alibaba's AEF NextGen Hong Kong fund, GAC Capital, GGV Capital, Temasek's Vertex Growth and others. CEO Yu Enyuan said the original plan was to raise $200 million, and the round was ultimately oversubscribed.

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