CDTL (Hangzhou Contemporary Drive Technology Co.,LTD.)'s Series A financing was led by Industrial Securities Capital, a subsidiary of Industrial Securities, and followed by CCB International. This round of financing is mainly used for the company's stage production capacity improvement needs.

Industrial Securities
Industrial Securities Co., Ltd. is a large state-owned securities financial group (stock code 601377). The Industrial Securities Research Institute has a professional team of more than 200 people and is one of the most influential research teams in the industry. Industrial Securities Investment Bank has 30 years of equity financing history and professional experience. It has a 100% IPO sponsorship pass rate in 2022. It has successively completed star projects in the carbon neutral field such as Pioneer Intelligence, Ganfeng Carp Industry, CATL, Xiamen Tungsten New Energy, and has a rich industrial resources.

Jianxin International Trade
Jianxin International Trade is a professional equity investment platform jointly held by the world's top 500 International Trade Holdings and Cinda Hanshi. It has a special fund for new energy vehicles - Jianda Xindong. Jianxin International Trade mainly focuses on investment in emerging industries such as new energy, semiconductors, and biomedicine. It has successfully invested in Rongbai Technology, Jinli Shares, Anhui Chenjie, Bloomage Biotech, Jingyu Furui, Shuangneng Technology, Feixiang Technology, Shugen Internet and other well-known companies.

After half a year of industrial research and company due diligence, Industrial Securities Capital and CCB International Trade Corporation successfully completed the Series A investment in CDTL. This will help CDTL further explore the field of automotive intelligence and continuously help product iterations as well as expand application scenarios, contribute to China's "double carbon" cause, and work together to pursue the cause of carbon neutrality.