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On January 8, Deng Chenghao, Chairman of Deepal Auto, disclosed that Deepal Auto and Yufu Group have finalized a new round of capital injection and share expansion agreement. In response to rumors suggesting that "Deepal is on the verge of running out of cash and is seeking financing," Deng Chenghao clarified that Deepal Auto boasts a robust cash flow position. The proceeds from this financing round will be predominantly allocated to two strategic endeavors: firstly, advancing research and development of next-generation, globally pioneering intelligent and electrified vehicle technologies; and secondly, bolstering the brand’s global presence to evolve into a universally beloved automotive brand. Furthermore, Deng Chenghao unveiled that Deepal Auto is poised to initiate a large-scale L3 autonomous driving trial campaign in Chongqing.
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