Keli Motor (Huizhou) Co., Ltd. announced that it will receive CNY 180 million in equity round of funding on April 22, 2022. The transaction will include participation from existing investor Keli Motor Group Co., Ltd. to retain its 100% stake. Upon closing, the registered capital of the company will increase from CNY 90 million to CNY 270 million.

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