Boruiwei (688345.SH) plans to raise no more than 650 million yuan through private placement.

According to the Zhtng Finance and Economics APP, Borlyway (688345.SH) announced that the company plans to issue A shares to specific targets, with a total fundraising amount not exceeding 650 million yuan (including this amount). The net amount of the total fundraising will be used for the following purposes after deducting the issuance expenses: the All-Polar Ear Large Cylinder Multi-Scenario Lightweight Power Battery Intelligent Manufacturing Project, the AI-driven New Energy Battery Reliability Analysis and Research and Development Capability Enhancement Project, and the Supplementary Working Capital Project.