Shaanxi Heavy-duty Automobile Co., Ltd. announced that it will receive not more than CNY 8,000,000,000 in an equity round of funding on September 28, 2021. The transaction will include participation from existing investors, Shaanxi Automobile Group Co., Ltd. for CNY 4,080,000,000 and Weichai Power Co. Ltd. for CNY 3,920,000,000 in their current proportion of stakes, 49% and 51% respectively.

The stakes will remain unchanged on closing. The transaction has been reviewed and approved by the company's tenth interim board meeting in 2021. The transaction will take place in tranches.

The company will receive it first tranche of CNY 2,000,000,000 including participation from Weichai Power Co., Ltd. for CNY 1,020,000,000 and Shaanxi Automobile Group Co Ltd for CNY 980,000,000.