Zhanxin Electronics Completes Pre-B Round Financing of Hundreds of Millions of Yuan

Zhanxin Electronics has completed a Pre-B round of financing worth hundreds of millions of yuan, led by SAIC Group's strategic direct investment fund and Shangqi Capital. The funds will be used for the expansion, operation and R&D of Yiwu SiC wafer factory. Zhanxin Electronics has mass-produced more than 2 million SiC MOSFETs, launched products such as automotive-grade 1200V 80mΩ SiC MOSFET, and won many awards.