Quantentech (Chengdu) Technologies Limited (hereinafter referred as “Quantentech”) has completed its first domestic funding round, with the participation of Venture Capital specializing in High-Tech investments such as Orinno Capital, Innoangel, Chengdu Capital Group, Panlin Capital, and Parkland Investment. This funding round will provide strong support for Quantentech in R&D, production line construction, market expansion, and talent recruitment for its high-performance electric drive system in electric vehicles, accelerating the industrialization process of its proprietary smart multi-phase rare earth free electric drive technology.