Hefei Engley Automobile Industry Co., Ltd. announced that it will raise CNY 43,000,000 in an equity round of funding on February 28, 2024. The transaction will include participation from returning investor Changchun Engley Automobile Industry Co.,Ltd. The transaction has been approved by the 4th directorate during its 22nd meeting and 2nd supervisory board during its 21st meeting. After the transaction, Hefei Engley Automobile Industry Co., Ltd.'s registered capital will increase from CNY 50,000,000 to CNY 93,000,000.