According to the Tianyancha App, Chongqing Zhang Xue Locomotive Co., Ltd. recently underwent a commercial change, adding Sequoia China's Xiamen Sequoia Changheng Equity Investment Partnership and Qingdao GaoTou Hongteng Investment Partnership as shareholders. At the same time, Zhang Xue's pledged capital was reduced from 48 million yuan to 46.365 million yuan, and the amount of capital pledged by Xiamen Hongxue Equity Investment Partnership was RMB 1,635 million. The company was founded in April 2024. The legal representative is Zhang Xue, with a registered capital of 65.4 million yuan. Its business scope includes road motor vehicle production, motorcycle parts manufacturing, motorcycle and parts research and development, etc., and is currently jointly owned by Zhang Xue and the new shareholders mentioned above. According to media reports, Zhang Xue's locomotive has previously received a new round of exclusive financing from Sequoia China. Sequoia China's current investment amount is about 150 million yuan. After the transaction was completed, Zhang Xue's motorcycle's post-investment valuation reached 6 billion yuan.

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