Ningbo Langchen New Energy Co., Ltd announced that it will raise CNY 44,000,000 in an equity round of funding on December 27, 2023. The transaction will include participation from returning investor Ningbo Energy Group Co.,Ltd. The transaction has been approved by the ninth meeting of Ningbo Energy Group Co.,Ltd 's eighth session of the Board of Directors. After the transaction, Ningbo Langchen New Energy Co., Ltd's registered capital will increase from CNY 128,000,000 to CNY 172,000,000.