Yingzhi Thermal Management completed its A+ round of financing and joined hands with SAIC Group and other institutions for common development

Yingzhi Thermal Management Technology (Jiaxing) Co., Ltd., a thermal management technology company in the new energy industry, has completed a nearly RMB 100 million A+ round of financing. This round of financing was jointly led by SAIC Group Strategic Direct Investment and Shangqi Capital, with additional investment from Xiaomi Industrial Investment, and followed by China Power Investment Fusion Technology, Pinghu Economic Development and other institutions. Yingzhi Thermal Management focuses on providing customers in the application fields of new energy industry automobiles or energy storage, including thermal management system electronic water pumps, power electric drive system electronic oil pumps, active suspension system electronic high-pressure oil pumps and other products. At present, it has obtained batch production or fixed-point projects from multiple vehicle manufacturers, and has potential synergy with the cost reduction and efficiency improvement of new energy vehicle thermal management systems within the SAIC system.