On November 7, 2025, at the "2025 Quzhou Industrial Capital Investment Promotion Conference and High Quality Development Conference of Fluorine based New Materials Industry" held in Quzhou, Zhejiang, Zhejiang Chaoxiang New Energy Co., Ltd. officially completed a Series A financing of 130 million yuan, with a valuation of 1.571 billion yuan.

This round of financing is led by Quzhou Intelligent Manufacturing and Security Fund, a subsidiary of Quzhou Industrial Investment Group, an important industrial investment platform in Quzhou City. The achievement of this financing not only demonstrates a high recognition of Chaoxiang New Energy's overall strategic layout, comprehensive strength, and corporate reputation, but also indicates that the investors are optimistic about Chaoxiang's broad market prospects and sustained growth potential in its core business direction.

This round of financing will focus on upgrading core technology research and development, expanding production capacity, and building a high-end talent team. The funds will help Chaoxiang New Energy further enhance its technological strength in areas such as intelligent charging and high-power supercharging, accelerate product iteration and market expansion, and inject new momentum into promoting clean and intelligent transportation energy.

Yu Junyong, Chairman of Chaoxiang New Energy, pointed out, "This round of financing is a recognition of our technological roadmap and business model, and more importantly, a trust in our future vision. We will focus on the technological breakthrough of 'charging as fast as refueling', accelerate the construction of supercharging networks in key nodes such as urban hubs and high-speed service areas, and effectively solve the energy replenishment anxiety of new energy vehicle users.

Taking this round of financing as an opportunity, Chaoxiang New Energy will integrate its full stack self-developed technology system and strategic shareholder resources, deepen its layout in cutting-edge fields such as supercharging and solar energy storage charging, expand domestic and international markets, and continue to move towards the goal of becoming a global leading green energy facility service provider.