Huaxuan Sensor completes B+ round of financing to accelerate international business expansion

Recently, Changzhou Huaxuan Sensing Technology Co., Ltd. (hereinafter referred to as Huaxuan Sensing) announced the completion of its B+ round of financing. This round of financing was continued by old shareholders such as Sequoia Capital, and new shareholders such as Shanghai Science and Technology Innovation Fund were introduced. Huaxuan Sensing's resolver sensor products have successfully passed the mass production project review of a North American parts company, a German car company, and a Korean car company for new energy vehicle electric drive platforms, and have begun to be exported in batches to North America, Germany, South Korea and other places. This round of financing will be mainly used to further expand the company's international business and expand its overseas market share.