EV-Tech plans to raise no more than 528 million yuan through a private placement
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According to the Zhitong Finance APP, EV-Tech has announced a plan for the issuance of A-shares to specific targets for the year 2025. The total amount of funds raised from this issuance will not exceed 528 million yuan. After deducting issuance costs, the funds are intended for the following projects: intelligent production and manufacturing project of core components for new energy vehicles (Phase III), the second base acquisition project for the production of on-board power supplies for new energy vehicles, research and development project for the next generation of on-board power supply products, and to supplement working capital
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