Shanghai Songz Automotive Technology Co., Ltd. announced that it will receive CNY 100million in equity round of funding on October 22, 2021. The transaction will include participation from existing investor Songz Automobile Air Conditioning Co., Ltd. to retain its 100% stake. Upon closing, the registered capital of the company will increase from CNY 10 million to CNY 110 million. The transaction has been approved in the ninth meeting of the fifth board of directors of investor.