Its auto sector has taken the top spot for funding so far this year.
Much of that has been from capital flowing into EVs.
The biggest deals this year include Changjiang Capital’s $1.57 billion bet on a high-end electric car startup founded by Renault China CEO Soh Weiming, and a $1.17 billion Series A round for Sunwoda’s EV battery unit, driven by investors including Shenzhen Capital Group and National Green Development Fund Management.