According to Dr. Shen Jie, Chairman and CEO of Zhenqu Technology, this round of financing will be mainly used for the operation fund guarantee and production line expansion of several mass production projects, as well as the research and development and marketing of the next generation silicon carbide electric drive scheme and power semiconductor module.
Zhenqu Technology was established on 20 17, mainly researching, developing, producing and selling new energy vehicle powertrains and high-performance domestic power semiconductor modules. According to the official introduction, at present, the product line of Zhenqu Technology covers the whole industrial chain products of new energy vehicles, from power semiconductor modules, motor controllers to powertrains, and has been stably shipped to Germany and China. In addition to the automotive field, the products of Zhenqu Technology can also be applied to the fields of clean energy equipment such as wind energy storage.
36Kr once reported that Zhenqu Technology announced the completion of the A+ round of financing of 40 million RMB in February 2065438+2009, and the investors were Jin Tuo Venture Capital Fund, Swiss Joint Venture Capital and Shenzhen, Central and South Holland. In August, 2020, Zhenqu Technology once again announced that it had obtained the Series B financing of 654.38+0.5 billion yuan, which was led by Junlian Capital, followed by Cai Jietou, founder of Aodong New Energy, Lenovo Venture Capital Group and Shanghai Science and Technology Innovation Fund.
The new energy vehicle market is growing rapidly. As the core component of new energy vehicles, electric drive system also has considerable opportunities for innovation and growth. According to the data of China Automobile Association, during the period of 20021-July, the production and sales of new energy vehicles reached 1.504 million and 1.478 million respectively, a year-on-year increase of two times, and the production and sales in the first seven months exceeded the whole year of 2020.
In addition, new energy vehicles, especially pure electric vehicles, are generally facing the pressure of charging efficiency. The industry generally believes that one of the solutions is the high-voltage fast charging line, but it needs the support of a new generation of power devices, which also puts forward a clear demand for silicon carbide semiconductor modules.
Xu Yi, general manager of Jinzhong Qichen Fund, the main investor of Zhenqu Technology, also said that the new energy electric drive system is one of the core subsystems of new energy vehicles. With the rapid increase of electrification rate, the domestic new energy electric drive and core power device industry will usher in explosive growth, which is a track with long slope and thick snow.
Of course, the electric drive industry is not an emerging market. How to deal with competition? Zhenqu Technology said that with the ability of forward design, testing and supply chain integration, the company's product performance can be compared with international first-line brands, and a number of high-performance motor controllers and self-developed power modules for new energy vehicles have entered many first-line host manufacturers and parts suppliers at home and abroad.
At the same time, Zhenqu Technology has successively obtained ISO 1400 1 environmental management system certification and ISO26262:20 18 ASIL-D highest-level functional safety certification, helping the company to enhance its product strength.
More importantly, in the first quarter of this year, the mass production of Zhenqu Technology made clear progress, and it has obtained the fixed point of electronic control mass production of a number of passenger car models owned by a well-known domestic car company. According to Zhenqu Technology, these fixed-point models have completed the calibration and testing of summer vehicles in September and will be listed soon.