On November 30, 2021, Anhui Jianghuai Automobile Group Corp.,Ltd. closed the transaction. The company issued non-public shares of 290,697,674 at a price of CNY 6.88 per share for gross proceeds of CNY 1,999,999,997.12. The transaction included participation from existing investor, Anhui Jianghuai Automobile Group Holdings Limited.

The company has incurred underwriting costs of CNY 18,867,924.50 (excluding tax), and other tax-free issuance costs of CNY 1,827,384.32, generating net proceeds of CNY 1,979,304,688.30.