Longhorn Auto (Huizhou) Co., Ltd. announced that it will receive CNY 150 million in its equity round of funding from returning investor Longhorn Auto Co., Ltd. on March 13, 2024. Post capital increase the registered capital of the company will increase from CNY 50 million to CNY 200 million. After the completion of this capital increase, the investor will still hold 100% equity.

The transaction was approved by the 6th session of the investor 3rd directorate approved.