On August 29, 2023, Guangzhou Great Power Energy and Technology Co., Ltd, closed the transaction. The company issued 42,201,438 common shares at a price of CNY 36.04 per share for the gross proceeds of CNY 1,520,939,825.52. As a part of the transaction, the company will pay CNY 16,487,099.94 as issuance fees.

The transaction will include participation from new investors, Zhuhai Huajin Alpha No. 6 Equity Investment Fund Partnership Enterprise (L.P.), Qingdao Xiayang Energy Storage Phase I Private Equity Investment Fund Partnership Enterprise (L.P.), Caitong Fund Management Co., Ltd., Guotai Junan Asset Management (Asia) Co., Ltd., Xinxiang Tianli Energy Co., Ltd., Qingdao Yinxia Huacheng Private Equity Investment Fund Partnership Enterprise (L.P.), Zhuhai Huajin Lingchuang Fund Management Co., Ltd., Nuode Asset Management Co., Ltd., Quzhou Talent Xinqu Equity Investment Partnership Enterprise (Limited Partnership)