Neolix Nears $600M Funding for Global Autonomous Delivery Expansion

Chinese autonomous vehicle maker Neolix Technologies is close to raising around $500 million in new funding as it prepares for global expansion and a possible IPO, potentially in Hong Kong. The funding round, expected to attract both Chinese and international investors, aims to help Neolix scale production, which recently hit a milestone of 10,000 autonomous delivery vehicles, with a capacity nearing 2,000 units per month. About 70% of Neolix's production focuses on last-mile delivery, a segment where it has reached monthly breakeven, signaling a shift from pilot projects to scaled commercialization. The company has begun global expansion efforts, including a partnership in Abu Dhabi that marks its entry into overseas markets. Neolix's recent $600 million Series D round, reportedly the largest private fundraising in China's autonomous driving sector, will fund R&D, new products, and service network growth. Positioned to compete with global players like Tesla and Pony AI, Neolix is seen as a rising disruptor in the autonomous logistics industry with significant investor interest and potential market impact.