Chongyou Hi-Tech Electronic Fuel Injection System (Chongqing) Co., Ltd. announced that it will receive CNY 333,333,300 in equity round of funding on June 22, 2022. The transaction will include participation from returning investors Weichai Power Co., Ltd. for CNY 200,000,000, to retain 60% stake and Sinotruk Ji'nan Power Co., Ltd. for CNY 133,333,300, to retain 40% stake in the company. After the completion of the transaction the registered capital of the company will increase to CNY 496,263,800.

The transaction has been approved in the eighth interim board meeting of the company.