On March 8, Shanghai Yongmaotai Automotive Technology Co., Ltd. successfully got listed on the Shanghai Stock Exchange (SSE), issuing 47 million A shares at a price of RMB13.40/share (USD2.05/share), accounting for 25.00% of its total post-issuance stock capital. Raised funds will be used in the company's smart precision processing project for auto parts, and automatic production project for energy-saving and NEV auto parts, as well as to supplement its working capital.