On October 20, 2022, GAC Ai´an New Energy Automobile Co., Ltd closed the transaction. All Independent new Subscribers have transferred their respective subscription monies payable to the bank account designated by company. The transaction included participation from 53 Independent Subscribers for 1,382,764,900 shares for 17.72% stake.

The transaction included participation from new investors PICC Capital Equity Investment Co., Ltd., Shenzhen Capital Group Co., Ltd., China Structural Reform Fund Co., Ltd., a funding managed by Chengtong Fund Management Co., Ltd., Guangzhou Industrial Investment and Capital Operation Holding Group Ltd. as a lead investors, Guangzhou Financial Innovation Investment Holding Co., Ltd., Gold Stone Investment Co., Ltd, Ganfeng Lithium Group Co., Ltd. ,Nanjing Hanrui Cobalt Co.,Ltd., Keda Industrial Group Co., Ltd., Guangzhou Cansemi Technology Inc. and China Fortune-Tech Capital Co., Ltd. The company registered capital increased to CNY 7,803,000,000 from CNY 6,421,000,000. The round is raised at a valuation of CNY 103,300,000,000. The company received CNY 15,693,979,627 in its final tranche.