Changzhou Dare Automotive Parts Co., Ltd. announced that it will receive CNY 50 million in an equity round of funding from returning investor Fuxin Dare Automotive Parts Co., Ltd. on February 21, 2022. The transaction was approved by the board of directors of the investor at its third meeting of the fourth directorate. Post to the closing, the registered capital of the company will increase from CNY CNY 30 million to CNY 80 million.