Lanzhou Guangdong New Energy Automobile agreed to acquire Ikarbus A.D. on January 9, 2020. Yin Long has repaid the outstanding debt of Ikarbus. Lanzhou Guangdong New Energy Automobile will take control of Ikarbus after the company's restructuring plan receives a commercial court approval. Lanzhou Guangdong New Energy Automobile completed the acquisition of Ikarbus a.d. on January 9, 2021.