Huizhou Longhorn Intelligent Industry Investment Co., Ltd. announced that it will raise CNY 25 million in an equity funding on January 30, 2024. The transaction will include participation from returning investors, Longhorn Auto Co., Ltd. for CNY 10 million and Shenzhen Longhorn Intelligent IoT Co., Ltd for CNY 15 million . Upon the completion, the company's registered capital will increase from CNY 160 million to CNY 185 million.

The transaction has been approved at the fifth meeting of the third board of directors.