Changzhou Jingce New Energy Technology Co., Ltd. announced that it will receive CNY 368.655 million in an equity round of funding on August 25, 2022. The transaction included participation from Wuhan Jingce Electronic Group Co.,Ltd of CNY 350 million at a 87.5 % stake and Shanghai Jingce Semiconductor Technology Co Ltd of CNY 50 million at a stake of 12.5%. The company's registered capital will be increased from CNY 50 million to CNY 400 million.

The transaction has approved by the twelfth meeting of the fourth board of directors of the company.