Zhilu Technology, a supplier of electrical systems for new energy vehicles, completed a new round of financing, led by Xiaomi.

Recently, Suzhou Zhilu Environmental Protection Technology Co., Ltd. (hereinafter referred to as "Zhilu Technology"), a leading supplier of electrical systems for new energy vehicles in China, announced the completion of a new round of financing of 100 million yuan. This round of financing is led by Xiaomi, yonghua investment, Yuanhe Holdings, leading venture capital and other institutions to follow the investment, the funds raised will be used for high-voltage connection and high-voltage distribution management solutions research and development investment, expand the scale of production, improve the commercial layout.

Founded in 2010, Zhilu Technology is a national high-tech enterprise that develops, produces and sells core components of new energy vehicles, providing vehicle high-voltage connection solutions, and its core products include high-voltage connectors, charging and replacing connectors, high-voltage distribution units, etc. There are three major manufacturing bases in Suzhou, Changzhou and Liuzhou.

For 8 consecutive years, Zhilu Technology has invested more than 10% of its sales for research and development, and has more than 160 technical patents and participated in the drafting of 9 industry and national standards.

Yin Jiatong, founder, chairman and general manager of Zhilu Technology, said: "Thank you to investors for their recognition and support of Zhilu Technology. Zhilu Technology will seize the opportunity of the rapid development of new energy vehicles, continue to create competitive products and services, and strive to become an innovative and outstanding enterprise in the field of green energy. ”

Sun Changxu, managing partner of Xiaomi Production and Investment, said: "Smart electric vehicles have brought great opportunities to the development of China's auto parts industry, and Xiaomi Production and Investment relies on Xiaomi Group to continue to invest in outstanding Chinese enterprises in the upstream and downstream of the industrial chain to help industrial development. As the head manufacturer of domestic high-voltage electric connection solutions, Zhilu Technology has excellent R&D strength and manufacturing capabilities, and its products have been recognized by many well-known new energy automobile enterprises and three-power suppliers at home and abroad. It is expected that the cooperation between Xiaomi Production and Investment and Zhilu Technology will help the development of enterprises in terms of capital, talents, technology and business, and it is expected that the company will move towards the world's leading enterprise of high-voltage electric connection solutions for new energy vehicles with the efforts of management and all employees. ”