Longrui Sanyou New Energy Automobile Technology Co., Ltd announced that it will receive CNY 110.1514 million in a round of funding on June 8, 2023. The transaction will include participation from new investor, Beijing Public Transport Holdings (Group) Ltd. and a returning investor, Beijing Bashi Media Co., Ltd. The company will issue common shares in the transaction. The transaction has been approved by the 21st meeting of the eighth board of directors and the fourteenth meeting of the eighth board of supervisors.