"Science and Technology Innovation Board Daily" (intern researcher Ou Xu), recently, suzhou zhilu environmental protection technology co., LTD. (hereinafter referred to as: zhilu technology), a supplier of new energy vehicle electrical systems, announced the completion of a new round of financing of 100 million yuan. This round of financing is led by Xiaomi, followed by Yonghua Investment, Yuanhe Holdings, Leading Venture Capital and other institutions. The funds raised in this round of financing will be used for R&D investment in high-voltage electrical connection and high-voltage distribution management solutions, expand production scale, and improve commercial layout.
Founded in 2010, Zhilu Technology is a leading supplier of high-voltage electrical and distribution management for new energy vehicles in China, focusing on the technology research and development, production and provision of vehicle system solutions for high-power electronic devices, high-voltage connection and distribution management in the field of electric vehicles; services from power batteries, drive motors, three-electric technology to vehicle manufacturing, charging and replacing facilities of the entire new energy vehicle industry chain.
Effective patents have been favored by many new energy enterprises
According to wisdom bud data, since 2010, Zhilu Technology has applied for 122 patents, of which 72 are validly authorized; the proportion of invention and utility model patents of enterprises is 69.67%, and the total value of invention patents is $1,599,300, reflecting the high level of R&D technology and innovation of Zhilu Technology in the industry.
At the same time, the patent of Zhilu Technology has been cited many times by many enterprises, including BYD, AVIC Optoelectronics, Luxshare Precision and other new energy industry chain enterprises. Valid patents have been cited by subsequent patents, indicating that Zhilu Technology patents have high quality and its enterprise scientific and technological innovation capabilities have been recognized by the industry.
High voltage connectors are in high demand
Since 2014, Zhilu Technology has mainly focused on connectors, electric vehicles, stereoscopic maps and other technical fields. Among them, connectors are in great demand for new energy vehicles. Because unlike traditional fuel vehicles, new energy vehicles tend to have higher voltage and current platforms, so new energy vehicles often have a large number of high-voltage connectors.
According to the prospectus data of Dingtong Technology, the value of low-voltage connectors used in traditional fuel vehicles is about 1,000 yuan, while the material cost of high-voltage connectors and the performance indicators such as shielding and flame retardant requirements are higher than those of traditional low-voltage connectors, and the value of connectors used by new energy vehicles is much higher than that of low-voltage connectors. Among them, the value range of connectors used in pure electric passenger cars is 3000-5000 yuan, and the value range of connectors used in pure electric commercial vehicles is 8000-10000 yuan.
According to Bishop & Associates statistics, the current global connector market concentration is relatively high, and the market share of the top ten companies has increased from 41.60% in 1995 to 61.44% in 2019. Tyco Electronics, Moshi, Andino, the three large U.S. manufacturers ranked high in various segments, and the market share of the three manufacturers accounted for more than 30% of the global overall share.
The domestic market connector industry started late, the market concentration is low, and it is mainly low-end products. The world's top ten domestic connector companies are only one Luxshare Precision. However, according to Guojin Securities, the size of China's high-voltage connector market will reach 27 billion yuan in 2025, and the localization rate of domestic high-voltage connectors will be only 25%, and there is still huge room for filling and development.
Since Xiaomi officially announced the construction of the car, Xiaomi has continued to increase the industrial chain related to new energy vehicles. For Xiaomi, the potential track has been increased, aiming to obtain long-term value benefits by investing in growth enterprises; for the automotive industry, the core components of new energy vehicles are an indispensable part of building a complete ecological chain.
"Enterprise Innovation Evaluation Laboratory": The primary market and the authoritative media of the Science and Technology Innovation Board, Sci-Tech Innovation Board Daily, jointly initiated by Wisdom Bud, aims to study the company's scientific and technological innovation strength, and with the evaluation model of enterprise science and technology innovation, excavate the most scientific and technological strength from the dimensions of technical quality, patent layout, technical influence, company competitiveness, research and development scale and stability.