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Shaanxi Hydrogen Energy New Energy (Suide) Co., Ltd. was established with a registered capital of 200 million yuan, wholly owned by Shaanxi Hydrogen Energy New Energy Co., Ltd. and is a second-tier subsidiary of Shaanxi Hydrogen Energy Industry Development Co., Ltd. Meanwhile, Guangdong Yuntao Hydrogen Energy Technology Co., Ltd. has secured Series A funding from Zhejiang Huarong Technology Co., Ltd., which acquired a 1.9608% stake in Yuntao Hydrogen Energy. The funding amount was not disclosed.