SAIC Ventures participated in the strategic round of financing of Yilong Technology

Yilong Technology, a supplier of brake system solenoid valves and valve group modules HCU, a core component of the wire-controlled chassis, announced the completion of a strategic round of financing, with SAIC Venture Capital as the exclusive participant. This round of financing will be mainly used for the continued expansion of Yilong Technology's core products such as brake system solenoid valves and HCU, the expansion of the R&D center, and the acceleration of the R&D and delivery of new products such as suspension solenoid valves. Yilong Technology has a deep technical accumulation and a solid product layout. The core R&D and manufacturing team has more than 20 years of industry experience. It has mass-produced and delivered more than 10 million brake solenoid valves and more than 1 million HCU sets.