Tencent led a funding round of $100 million for a new electric vehicle startup called Luoke Qiche at the end of 2021, Chinese media outlet 36Kr reported, citing people familiar with the matter. It’s the latest big bet by the Chinese tech giant on the fast-growing EV industry, after it became one of Nio’s biggest investors in 2015. Luoke Qiche was established in late 2020 by Chang Jing, the CEO of Roborock, a Shanghai-listed consumer electronics firm that is backed by smartphone maker Xiaomi. The EV startup is currently carrying out another round of financing at a valuation of $2 billion, the report said. Tencent declined to comment when contacted by TechNode on Tuesday and Luoke was unavailable for comment. [36Kr, in Chinese]