Yibin Libode New Materials Co., Ltd. announced that it has received CNY 2.578 billion ($397 million) in equity round of funding on April 12, 2023. The transaction included participation from new shareholders Yibin Development Venture Capital Co., Ltd., Ningbo Meishan Bonded Port Area Chendao Investment Partnership Enterprise (L.P.), GEM Co., Ltd., XMXYG Corporation, Farasis Energy (Gan Zhou) Co., Ltd., GAC Capital Co., Ltd., Leaguer Group Co., Ltd., Yuanyou Fund, China Capital Management Co., Ltd. and funds from CICC Capital Management Co., Ltd and CD Capital.