Jiachen Electronics plans to IPO and become a supplier for Xiaomi cars

Jiachen Electronics recently registered for guidance with the Hubei Securities Regulatory Bureau and plans to issue shares for the first time and go public. The company focuses on high-voltage safety systems for power batteries and has become a hidden champion in the industry, with customers covering 80% of domestic new energy OEMs. Xiaomi is not only an investor, but also one of Jiachen Electronics' customers.