On the evening of November 24th, Ningbo Huaxiang made a public announcement stating that its subsidiary, Ningbo Huaxiang Qiyuan Technology Co., Ltd. (hereinafter referred to as "Huaxiang Qiyuan"), plans to join Shanghai Lingzhi Xinchuang Venture Capital Partnership Enterprise (Limited Partnership) (hereinafter referred to as the "Lingzhi Xinchuang Fund") as a limited partner. Huaxiang Qiyuan will commit a subscribed capital of RMB 5 million to this investment. The Lingzhi Xinchuang Fund is under the management of Shanghai Gaoling Equity Investment Management Co., Ltd., which is a subsidiary of Zhuhai Hillhouse Private Fund Management Co., Ltd. Boasting a total fund size of RMB 130 million, the fund's primary investment focus will be on innovative companies within the embodied intelligence industry chain. This encompasses a wide range of sectors, including key upstream raw materials and components, midstream robot body manufacturing and integration, as well as downstream application solutions.