Taicang Caisting Precision Die casting Co., Ltd. announced that it will receive CNY 189,424,400 in an equity round of funding on September 7, 2023. The transaction will include participation from returning investors Jiangsu Leili Motor Co., Ltd for CNY 167,148,300, Li Runsheng for CNY 9,905,200, Liu Ayong for CNY 6,801,900 and Wang Jiahu for CNY 5,569,000. The registered capital of the company will increase from CNY 81 million to CNY 300 million via capital increase in cash and equity.