On May 30, 2023, Hainan Drinda New Energy Technology Co., Ltd. closed the transaction. The company issued 27,760,000 shares at a price of CNY 100 per share for gross proceeds of CNY 2,776,000,000. The transaction included participation from new investors Wei, Wei & Co for CNY 500,000,000, JIC Investment Co., Ltd. for CNY 80,000,000, China Life Insurance Assets Management Co.

Ltd. for CNY 500,000,000, Huai'an Runlian Industrial Fund for CNY 240,000,000, The Goldman Sachs Group, Inc. for CNY 80,000,000, UBS Group AG for CNY 248,000,000, China Asset Management Co., Ltd. for CNY 231,000,000, Yinhua Fund Management Co. Ltd. for CNY 403,750,000, Jinan Jiangshan Investment Partnership Enterprise (Limited Partnership) for CNY 100,000,000, AEGON-Industrial Fund Management Co., Ltd. for CNY 132,700,000, Caitong Fund Management Co., Ltd. for CNY 152,400,000, Zheng Jiewen for CNY 88,000,000, and Nuode Asset Management Co., Ltd. for CNY 20,150,000.