Guangzhou Suifa Nenghui New Energy Co., Ltd. announced that it has raised CNY 29.5 million in a round of funding by new investors, Guangzhou Development New Energy Co., Ltd. for CNY 23.6 million and Shanghai Nenghui Technology Co.,Ltd for CNY 5.9 million on May 26, 2023. The transaction has been approved by the eleventh meeting of the third board of directors and the tenth meeting of the third board of supervisors. After the capital increase, the registered capital of the company increased from CNY 5 million to CNY 34.5 million.