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Chinese auto parts maker Kasco raises $72m in Series B round

Producer of vehicle air suspension counts Dongfeng Motor as client

Heavy traffic in Shanghai in March, 2021.   © Reuters

HONG KONG -- China's Kasco, also known as KH Automobile Technology, a producer of vehicle air suspension systems, this week said it had raised 510 million yuan ($72.4 million) in a Series B funding round.

The round was led by China Venture Capital, a joint venture between CRRC Corp and Guochuang Investment Fund Manager, Source Code Capital and Shenzhen Capital Group.

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