Ningbo TIP Fluid Technology Co., Ltd. announced that it expects to receive CNY 300 million in funding from Ningbo TIP Rubber Technology Co.,Ltd
December 20, 2023
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Ningbo TIP Fluid Technology Co., Ltd. announced that it will receive CNY 300 million in an equity round of funding from returning investor Ningbo TIP Rubber Technology Co.,Ltd on December 21, 2023. The transaction was approved by the board of directors of the company at its 10th meeting of the company?s second board of directors.
Ningbo Tip Rubber Technology Co Ltd is a China-based company mainly engaged in the research, development, production and sales of automotive polymer fluid piping systems and sealing system parts and assemblies. The Company provides rubber hoses and assembly products for automobile manufacturers and their first-tier suppliers. The Company's products are divided into five categories: automotive engine systems and parts, body systems and parts, chassis systems and parts, electrical and electronic equipment and general parts, including radiator tubes, turbocharger hoses, crankcase ventilation system, oil cooling pipe, vacuum solenoid valve pipe, automobile fuel system hose and assembly, automobile air conditioning system hose and assembly, automobile power steering system hose and assembly, other body accessory system hoses, sealing tape, dustproof and shock absorbers, etc. The Company operates its businesses within the domestic market and to overseas markets.
NINGBO TIP RUBBER TECHNOLOGY CO.,LTD 
