Chengdu Xiling Power Parts Co., Ltd. announced that it will receive CNY 297,167,700 in a round of funding on January 16, 2023. The transaction will include participation from returning investor Chengdu Xiling Power Science & Technology Incorporated Company. The transaction has been reviewed and approved in the 33rd meeting of the third board of directors and the 21st meeting of the third board of supervisors.

After completion of the transaction, registered capital will be increased from CNY 177,000,000 to CNY 474,000,000.