Top Group raises funds for project expansion and R&D

Top Group originally planned to raise 4 billion yuan, but actually only raised 3.5 billion yuan. The funds will be used for project expansion in Chongqing, Hefei, Huzhou and Hangzhou Bay, as well as the construction of a research and development building. According to market demand forecasts, the company currently has large orders from major customers such as Seres. After the Huzhou plant is put into production, it will provide products for three brands: Ideal, BYD and Geely.