The company will sell an 18 percent stake to Unisplendour Technology Venture Capital Ltd, 18 percent to Oriente Grande Investment Fund LP and 13 percent to Vivid Victory Developments Ltd, according to an announcement issued by TCL on Monday night.
The company noted that none of the California verdicts has been considered by an appeals court and that the US Environmental Protection Agency considers the weed killer safe.
The company's stock lost 11.01 percent in early trading.
The company hopes to sell 2,000 EV10 cars this year.
The company said it is currently at the development stage of "customer accumulation" and is set to move on to the next stage of "rapid growth."
The company said money raised through the transaction will be invested in several photovoltaic and wind power projects in Qinghai province with capacity totaling 4.05 million kilowatts, which is close to new clean energy capacity the subsidiary had in the past 10 years.
矫正视力机构加盟
The company, together with Country Garden, one of China's top real estate developers, is to invest 50 billion yuan (.5 billion) to build an international ocean theme park in the county-level city of Wuchuan in Zhanjiang.
The company, which markets soft drinks, bottled water, fruit juices and electrolyte-enhanced sports drinks, said sales increased in the first two months of the year before much of the economy was shut down.
The company's projects in progress now range from real-time, location-based insurance coverage for individuals to blockchain-enabled funding methods and the Internet of Things.
The compensation mainly includes 400,000 yuan for the family's mental anguish, as well as 360,000 yuan for Yao's medical expenses, nutrition fees, lost work expenses and traffic fees, according to the court.