Bibo (Shanghai) Automobile Electronics Co., Ltd. announced that it has received CNY 200 million in its Series A round of funding co-led by new investors, Nio Capital and Hangzhou Oriental Jiafu Asset Management Co., Ltd. on April 10, 2023. The transaction included participation from new investors, CWB Automotive Electronics Co., Ltd. and Jiangsu Addor Equity Investment Fund Management Co., Ltd.