On May 20, 2021, BAIC BluePark New Energy Technology Co., Ltd. (SHSE:600733) closed the transaction. The company amended the terms of the transaction and now issued 793,650,793 shares at a price of CNY 6.93 per share for gross proceeds of CNY 5,499,999,995.49. The transaction included participation from a group of investors including Beijing Electronics Holding Co.,Ltd. for CNY 299,999,997.99 to hold 1.49% stake, returning investors BAIC Guangzhou Automotive Co, Ltd. for CNY 343,875,297.15 to hold 6.25% stake, Beijing Automotive Group Co.,Ltd for CNY 1,626,580,494 to hold 29.57% stake and Bohai Automotive Systems CO., LTD. (SHSE:600960) for CNY 165,723,098.31 to hold 3.01315% stake.

The shares issued to BAIC Guangzhou Automotive Co, Ltd., Beijing Automotive Group Co.,Ltd and Bohai Automotive Systems CO., LTD. (SHSE:600960) have a lock-up period of 36 months and the shares issued to other investors have a lock-up period of 6 months. The company received net proceeds of CNY 5,449,800,047.75 in the transaction.