Zhanxin Electronics is valued at 5.5 billion yuan

Jinpu Intelligent invested in Zhanxin Electronics at a valuation of more than 600 million yuan at the end of 2019. As of the end of 2022, the company has introduced investment institutions with industry backgrounds such as Magmet, CATL, BAIC, SAIC, GAC, Xiaomi, Xiaopeng, Jinlong Technology, and Sungrow Power Supply, and the financing valuation has risen to 5.5 billion yuan. As of September 2022, the silicon carbide MOSFET products developed by Zhanxin Electronics have shipped more than 1.56 million units, and the driver chips have shipped more than 11.36 million units. Zhanxin Electronics has now entered a stage of rapid development, with sales of 13 million yuan in 2021 and sales of nearly 100 million yuan in 2022. Zhejiang Zhanxin Electronic Technology Co., Ltd. was established on October 15, 2020 and is a subsidiary of Shanghai Zhanxin Electronic Technology Co., Ltd. The company covers an area of ​​50 acres and is an automotive-grade wafer fab with the ability to manufacture and test 300,000 6-inch silicon carbide (SiC) wafers. This marks that Zhanxin Electronics has successfully completed the strategic transformation from Fabless to IDM and has entered the ranks of China's leading SiC power semiconductor companies.