Zhejiang Zhengqiang Auto Parts Co., Ltd. announced that it will receive CNY 30 million in funding on December 20, 2021. The transaction will include participation from existing investor Hangzhou Zhengqiang Corporation Limited which will continue to own 100% stake and will increase registered capital from CNY 30 million to CNY 60 million. The transaction has been approved in the 10th meeting of the investor's 1st directorate and the 10th meeting of the 1st supervisory board.