Anhui Yingliu Hangyuan Power Technology Co., Ltd. announced that it has received CNY 400 million in an equity round of funding on January 12, 2024. The transaction included participation from returning investor Anhui Yingliu Electromechanical Co., Ltd., retaining its 100% stake in the company. The company has completed industrial and commercial change registration procedures and received the "Enterprise Legal Person Business License" issued by Huoshan County Market Supervision and Administration Bureau.

The transaction has been approved by board of directors of the investor. As part of transaction, the registered capital of the company increased from CNY 100 million to CNY 500 million.