Wilson Sonsini, Loeb & Loeb act on Chinese EV company’s SPAC merger

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Wilson, Sonsini, Goodrich, & Rosati and JunHe have advised Chinese electric vehicle manufacturer CH-AUTO Technology Corp Ltd on its $1.7 billion merger with U.S. blank-check company Mountain Crest Acquisition Corp IV, which was represented by Loeb & Loeb.

Established in 2003, the Beijing-headquartered CH-AUTO is a technology-driven electric vehicle manufacturer and designer. Mountain Crest was established in 2021 and completed its IPO in June that year.

A Harneys team, led by Shanghai corporate partner Calamus Huang, advised CH-AUTO on offshore law.

Earlier in May, another Chinese vehicle technology company ECARX Holdings also merged with a U.S. SPAC to list on Nasdaq.

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