BAIC BluePark's subsidiary BAIC New Energy completed a capital increase of 8.15 billion yuan

BAIC BluePark recently announced that its subsidiary BAIC New Energy has successfully introduced 11 strategic investors, including Beijing State-owned Capital Operation Management Co., Ltd. and Beijing Infrastructure Investment Co., Ltd., and signed a capital increase agreement, obtaining a total of 8.15 billion yuan in capital increase. The financing will mainly be used to repay loans, support business operations and management, and investment, aiming to improve the company's competitiveness and optimize its capital structure.