Xingyun shares have been approved by the China Securities Regulatory Commission to issue shares, and plans to raise 637 million yuan for energy storage systems and other projects

On the evening of December 10, Xingyun announced that it had received the approval of the China Securities Regulatory Commission to issue 44,335,200 shares to no more than 35 specific investors, with a total amount of funds raised not exceeding 637 million yuan. These funds will be mainly used for the Xingyun energy storage system and battery key component manufacturing and testing center projects, as well as to supplement working capital.