Shanghai Qiyuan Core Power Technology Co., Ltd. announced that it has received CNY 1,500,000,000 in a round of funding on January 3, 2024. The transaction included participation from a range of domestic investors including new investors, National Green Development Fund Co., Ltd., BOC Financial Asset Investment Co., Ltd., Gree Electric Appliances, Inc. of Zhuhai, and other investors. The transaction has been raised at a post money valuation of over $1,000,000,000 (CNY 7,132,800,000).