Vehicle Testing Engineering Research Institute of China Co., Ltd. announced that it will raise CNY 581,190,000 in an equity round of funding on June 15, 2024. The transaction will include participation from new investor China Machinery Huanyu Certification and Inspection Co., LTD. The transaction has been approved by the 22nd meeting of the first term of the Board of Directors and the 20th meeting of the first term of the Supervisory Board.