CITIC Securities, Gotion High-Tech and Others Invest in Geely-Backed Commercial Vehicle Tech Firm

36Kr learned from Tianyancha App data that Yuancheng Commercial Vehicle Technology Co., Ltd. recently underwent a business registration change, adding CITIC Securities Investment Co., Ltd., Hefei Gotion High-Tech Power Energy Co., Ltd. and others as shareholders. Meanwhile, its registered capital increased from about 957 million yuan to about 1.06 billion yuan, a rise of roughly 11%. The company was established in July 2021, its legal representative is Dai Qing, and its business scope includes battery manufacturing, battery sales, new energy vehicle sales, and new energy vehicle battery swap facility sales. It is currently jointly held by Zhejiang Yuancheng New Energy Vehicle Group Co., Ltd., Li Shufu, and the newly added shareholders mentioned above.