Jiangsu Housheng New Energy Technology Co., Ltd. announced that it has entered into an investment agreement with returning investor to receive CNY 75 million in an equity round of funding on August 27, 2022.

On August 29, 2022, the company announced that after the capital increase the registered capital of the company will increase from CNY 1,405,622,491 to CNY 1,750,000,000.