Zhenqu Technology Receives Strategic Investment in Series C+ from Volvo Cars Technology Fund

Zhenqu Technology announced that it has successfully obtained a strategic investment in the C+ round from Volvo Cars Technology Fund. The two parties will jointly develop a new generation of silicon carbide (SiC) technology, focusing on the application of silicon carbide power modules and electronic control units. This is the second industrial investment obtained by Zhenqu Technology after reaching a strategic cooperation with Schaeffler Group at the end of 2021, which will help accelerate its global layout. Since its establishment in 2018, Volvo Cars Technology Fund has invested in a number of technology start-ups, focusing on artificial intelligence, electrification, autonomous driving and other fields.