Nabtesco Automotive (Shanghai) Co., Ltd. announced that it will raise CNY CNY 18,000,000 in an equity funding on January 3, 2024. The transaction will include participation from new investors, Ningbo Heli Technology Co., Ltd. for CNY 8,820,000 and Nabtesco Automotive Systems Co., Ltd. for CNY 9,180,000. Upon the completion, the company's registered capital will increase to CNY 23,827,920.

The transaction has been approved at the 9th meeting of the 6th directorate.