Shandong Jinlei New Energy Heavy Equipment Co., Ltd. announced that it will receive CNY 190 million in an equity round of funding on December 10, 2021. The transaction will include participation from existing investor Jinlei Technology Co., Ltd. to retain its 100% stake. Upon closing, the registered capital of the company will increase from CNY 10 million to CNY 200 million.

The transaction has been approved in the fifth meeting of the fifth board of directors and fifth meeting of the fifth board of supervisors of the investor.