Newstar completes A+ round of financing worth hundreds of millions of yuan

Zibo Newstar Planetary Reducer Co., Ltd. ("Newstar") successfully completed a round of A+ financing of several hundred million yuan, with Hongtai Fund as the investor. The funds will be used for the research and production of high-end precision reducers and transmission modules. Newstar focuses on the research and development of precision reducers and transmission systems. It is a leading company in this field in China and a national-level specialized and innovative small giant enterprise that is supported by the state. Its products are widely used in photovoltaics, lithium batteries, smart logistics and other industries.