New SORL successfully closes a RMB 500 million Series A financing. The round was led by HengXu Capital, with participation from SPIC, AutoCapital, Ruijian Capital, as well as local state-owned enterprises like Wenzhou Transportation Group and upstream suppliers in the industry chain such as Yihe Drive Shaft and Qingte Drive Shaft.

CEC Capital Group served as the exclusive financial advisor for New SORL in this transaction.

New SORL, a commercial vehicle aftermarket auto parts chain platform, originated from RuiLi Group and has become a leader in the field. It is the only commercial vehicle aftermarket auto parts chain platform in China that covers all major cities and has sales channels in 132 countries overseas. With 303 self-built stores and front warehouses covering over 300 prefecture-level cities, New SORL directly serves over 70,000 dealers, repair shops, and over 30 million customers. Equipped with a well-established and operational team for market expansion and operations, New SORL provides comprehensive supply chain integration services. It offers a full range of parts for automotive shops, repair facilities, logistics fleets, and public transport companies, among other terminal customers.