Wuxi Leili Electronic Control Technology Co., Ltd announced that it will raise CNY 2,637,363 in a round of funding on August 30, 2021. The transaction include participation from new investor Shanghai Highly (Group) Co., Ltd for 30% stake. Current registered capital of company is CNY 6,153,846. The parent company stake will decrease from 65% to 45.5% post transaction. The transaction was approved by the board of directors of the company in its 4th session of the company’s 3rd directorate.