Hangzhou Nandu Power Supply Co., Ltd. announced that it will receive CNY 300 million in a round of funding by ZHEJIANG NARADA POWER SOURCE Co. , Ltd. on December 21, 2022. The proposal on capital increase to wholly-owned subsidiaries has been approved by the eleventh meeting of the eighth board of directors.

The registered capital of company will increase from CNY 600 million to CNY 900 million.