Nanchang TXD Automotive Electronics Co., Ltd. announced that it will receive CNY 50 million in equity round of funding on March 5, 2024. The transaction included the participation from returning investor Shenzhen TXD Technology Co.,Ltd., hold 100% stake in the company. The company's registered capital increased from CNY 20 million to CNY 70 million.

The transaction has been approved at the seventh meeting of the company?s fourth board of directors and are yet to be implemented after approval by the shareholders? meeting.