XUASUAI Auto Completes First Funding Round 15 Days After Announcing Entry into Vehicle Manufacturing, Factory Scale Exceeds Tesla

On September 12th, according to media reports, Dreame Motors announced the completion of its first round of financing. This news comes just 15 days after the company officially announced its entry into car manufacturing, potentially making it the fastest new car manufacturer in China to secure initial funding.

While Dreame has not disclosed the specific amount of funding or the investors, it is understood that this financing will be utilized to support its German factory construction plans and the advancement of its global strategic framework.

According to “AUTOCAR,” Dreame Motors is in the process of selecting a site near Berlin, Germany, for the construction of its production base. The new factory is planned to be approximately 1.2 times the size of Tesla’s Berlin Gigafactory and is strategically located adjacent to Tesla’s existing facility.

Dreame Motors Completes First Round of Financing 15 Days After Announcing Car Manufacturing Entry, Factory Size Exceeds Tesla's

This strategic decision to build in Germany is aimed at leveraging the region’s well-established automotive supply chain resources, which encompass various sectors such as precision manufacturing, electrical and electronic engineering, and material science. This move is expected to help reduce logistics costs, shorten research and development cycles, and enhance collaborative efficiency within the European market’s localized supply chain.

It is rumored that Dreame will collaborate with BNP Paribas to jointly advance the construction of the German factory and its global market deployment.

Regarding its product, Dreame Motors’ first vehicle is positioned as an ultra-luxury pure electric model, targeting a segment comparable to the Bugatti Veyron. The official unveiling is anticipated in 2027.

Recently, Dreame’s founder, Yu Hao, shared vehicle rendering images on social media platforms and announced that a prototype will make its debut at the Consumer Electronics Show (CES) in the United States by year-end.

Dreame Motors Completes First Round of Financing 15 Days After Announcing Car Manufacturing Entry, Factory Size Exceeds Tesla's

Dreame Motors Completes First Round of Financing 15 Days After Announcing Car Manufacturing Entry, Factory Size Exceeds Tesla's

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