Yantai Xintai Automotive Parts Co., Ltd. announced that it will receive CNY 62,127,000 in a round of funding on July 13, 2023. The transaction will include participation from returning investor, Shandong Kuntai New Material Technology Co., Ltd. for CNY 62,127,000. The company will issue common shares in the transaction. The registered capital will increase from CNY 94,820,900 to CNY 156,947,900. The transaction has been approved in the 5th meeting of the 2nd board of directors and the 5th meeting of the 2nd board of supervisors of Shandong Kuntai New Material Technology Co., Ltd.

On August 10, 2023, the company announced that it has completed the change of business registration of its capital increase.