Huizhou Longhorn Intelligent Industry Investment Co., Ltd. announced that it will raise CNY 20 million in an equity round of funding on August 28, 2023. The transaction included participation from returning investor, Longhorn Auto Co., Ltd. for CNY 12 million and other investors. The company?s registered capital will increase from CNY140 million to CNY160 million.

The transaction has been approved by 16th session of the company?s 2nd directorate.