FilingReader Intelligence
Aotecar cuts production targets, terminates research project
July 21, 2025 at 01:20 PM UTC•By FilingReader AI
Aotecar New Energy Technology has made significant adjustments to projects funded by its 2021 fundraising of 426.5 million yuan.
The company cut its piston compressor production target from 15 million to 3.6 million units annually. It also terminated its Central Research Institute project due to slow progress and market changes.
Surplus funds totaling 29.7 million yuan from completed and terminated projects have been reallocated to working capital.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
Supplementary Source Documents
Assurance report by Zhong Shen Zhong Huan certified public accountants on the previous use of raised funds by Aotecar New Energy Technology Company LimitedJuly 21, 2025 at 08:00 AM UTC
Special report of Aotecar new energy technology company limited on the use of previous raised fundsJuly 21, 2025 at 08:00 AM UTC
SZSE:002239•Shenzhen Stock Exchange
News Alerts
Get instant email alerts when Aotecar New Energy Technology publishes news
Free account required • Unsubscribe anytime