Anhui Ofilm Intelligent Vehicle Technology Co., Ltd announced that it will raise CNY 1,000 million in an equity round of funding on September 20, 2023. The transaction will include participation from returning investor, OFILM Group Co., Ltd and will increase its stake from 78.4314% to 84.5938%. The transaction has been approved at the fifth directorate during its 20th (extraordinary) meeting and 5th supervisory board during its 17th (extraordinary) meeting.

The round will be raised at a pre-money valuation of CNY 2,557.4306 million. Out of the total capital increase, CNY 257.295 million will be transferred to registered capital and the rest to capital reserve.