Deepal Automobile secures ¥6.122 bn capital increase

Chongqing Changan Automobile announced its controlling subsidiary, Deepal Automobile Technology, secured a capital increase and share expansion totaling approximately ¥6.122 billion. The investment will increase Deepal Automobile's registered capital from ¥32.8108278 billion to ¥46.6157065 billion.

The capital increase attracted two investors: Chongqing Yufu Holding Group Co., Ltd. (Yufu Group) and CMB Financial Asset Investment Co., Ltd. (CMB Investment), who have paid transaction deposits. Chongqing Changan Automobile will also contribute to the increase with ¥3.122 billion, comprising ¥2.079 billion in self-owned funds and ¥1.043 billion in intangible assets, including patents and technologies for Deepal S05 and G318 models. Yufu Group will invest ¥2.5 billion in cash, while CMB Investment will contribute ¥500 million in cash.

Following the capital increase, Chongqing Changan Automobile's equity stake in Deepal Automobile will remain at 50.9959%, Yufu Group will hold 12.0934%, and CMB Investment will hold 2.4187%. The transaction constitutes a related party transaction requiring shareholder approval and is based on a valuation of ¥14.55 billion for Deepal Automobile as of March 31, 2025.