Shandong Jinlei New Energy Heavy Equipment Co., Ltd. announced that it will receive CNY 300 million in an equity round of funding on October 26, 2022. The transaction will include participation from existing investor Jinlei Technology Co., Ltd. Upon closing, the registered capital of the company will increase from CNY 200 million to CNY 500 million. The transaction has been approved in the the twelfth meeting of the fifth session of the Board of Directors.