Yuxi EVE Lithium Energy Co., Ltd. announced that it will receive not more than CNY 290,000,000 in an equity round of funding from returning investor EVE Energy Co., Ltd. on December 5, 2022. The transaction was approved by the parent company in its fourth meeting of the sixth board of directors. After the capital increase, the company still holds 100% in the company.

The company registered capital will increase from CNY 10,000,000 to CNY 300,000,000 after completion of the transaction.