Liuzhou Wuling New Energy Motors Company Limited announced that it has received CNY 360 million in funding from Wuling Motors Holdings Limited, Xuchang Jintou Holding Group Co., Ltd.

Wuling Motors Holdings Ltd is an investment holding company principally engaged in automotive businesses. The Company operates its business through four segments. The Automotive Components and Other Industrial Services segment is mainly engaged in the manufacture and sale of automotive components and accessories, trading of steels, and provision of water and power supply services. The Commercial Vehicles Assembly segment is mainly engaged in the manufacture and sale of specialized vehicles such as new energy vehicles. The Vehicles’ Power Supply Systems segment is mainly engaged in the manufacture and sale of engines and engine related parts and other power supply products. The Other segment is mainly engaged in the property investment and other business.