Ouyeel Industrial Products Co., Ltd. announced that it has raised CNY 1,000 million in a round of funding on August 18, 2023. The transaction included participation from new investors, Angang Steel Company Limited, Xinyu Iron & Steel Co., Ltd, TBEA Co., Ltd., Hwabao WP Fund Management Co., Ltd, Hebei Logistics Industry Group Co., Ltd., Hidden Hill Capital and Shanghai Baoheng Economic Development Co., Ltd.