Qiyuan Chip Power completes Series C financing, valuation may reach 10 billion yuan

Qiyuan Core Power, a company focusing on battery-swap heavy truck business, recently completed its C round of financing. Although the specific investors and amount have not been disclosed, according to the announcements of Huati Technology and Yingjie Electric, it can be inferred that Sichuan Deyang Investment, Huati Technology, and Yingjie Electric may be new investors, and the old shareholder Yingfeng Group is also continuing to increase its investment. According to Gree Capital, Qiyuan Core Power's valuation has reached 8.8 billion yuan, and it is expected that the valuation after the C round of financing may enter the 10 billion yuan range.