Suteng Innovation Technology Co., Ltd. announced that it has received a round of funding led returning investor by China Renaissance Holdings Limited (SEHK:1911) on June 14, 2022. The transaction also included participation from returning investors Yutong Bus Co.,Ltd. (SHSE:600066), Huizhou Desay SV Automotive Co., Ltd. (SZSE:002920), Kinzon (Shenzhen) Investment Management Co., Ltd., Yunfeng Financial Group Limited (SEHK:376), Greenwoods Investment, Hubei Xiaomi Yangtze River Industry Investment Fund Management Co., Ltd., and BYD.