Xizhi Technology completes a new round of financing to accelerate the mass production of SiC power modules

On August 21, Xizhi Technology completed a new round of financing and obtained investment from Wanbang Digital Energy Co., Ltd. After this financing, the company's shareholder structure changed, the shares of some shareholders decreased, and the shares of Jiaxing SAIC Chuangyong Equity Investment Partnership (Limited Partnership) increased. Founded in 2017, Xizhi Technology has been committed to becoming a world-class automotive-grade power and power module parts supplier, and has completed 5 rounds of financing. The company mainly deploys third-generation semiconductors SiC/GaN, while taking into account high-performance IGBTs, focusing on plastic packaging routes, and compatible with standard module interfaces. In July of this year, Xizhi Technology announced that its first batch of automotive-grade SiC plastic-encapsulated power module mass production products officially rolled off the production line, and will achieve large-scale mass production in the fourth quarter of this year.