Jiangsu Yueda Energy Storage Technology Co., Ltd. announced that it will receive CNY 265 million equity round of funding from returning investor, Jiangsu Yueda Investment Co., Ltd on September 18, 2023. The company held that the transaction has been approved at the 24th meeting of the 11th Board of Directors. After the completion, the registered capital will increase to CNY 300 million, and the company hold 100% stake.