Weichai New Energy Power Technology Co., Ltd. announced that it expects to receive CNY 589 million in funding from Weichai Power Co., Ltd., Sinotruk Hydrogen Energy
Weichai New Energy Power Technology Co., Ltd. announced that it has entered into a capital increase agreement of CNY 589 million with existing shareholders Weichai Power Co. Ltd. holding 70% of stake and Sinotruk Hydrogen Energy holding 30% of the stake on March 12, 2026. The company has issued common shares in the transaction.
The transaction is expected to be completed by April 30, 2026.
Weichai Power Co., Ltd. is engaged in the manufacturing of transportation equipment. The Company’s main business includes the research, development, manufacture, distribution of vehicles and key components, non-automotive engines and other components, as well as the production of forklift and the provision of warehouse technical services. The Company is also involved in the research, development, design, sales and maintenance of air purification products, transfer and consulting business of air purification technology, as well as import and export trade business.
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Weichai New Energy Power Technology Co., Ltd. announced that it expects to receive CNY 589 million in funding from Weichai Power Co., Ltd., Sinotruk Hydrogen Energy