Longhorn Automotive Electronic Equipment (Huizhou) Co., Ltd. announced that it will raise CNY 45 million in an equity funding on December 28, 2023. The transaction will include participation from returning investor, Longhorn Auto Co., Ltd. The transaction has been approved at the 3rd directorate during its 4th meeting. Upon the closing, the company's registered capital will increase from CNY 5 million to CNY 50 million.