Core Energy Semiconductor Completes C Round of Financing of Hundreds of Millions of Yuan

Guangdong Xinju Energy Semiconductor Co., Ltd. (hereinafter referred to as "Xinju Energy") announced the completion of a new round of financing of hundreds of millions of yuan, jointly invested by more than ten well-known institutions including Yuexiu Industrial Fund, Guangdong Finance Fund, Geely Capital, Jianxin (Beijing) Investment, Fupu Investment, Midea Capital, Zhongding Capital, Boyuan Capital (under Bosch), and Volkswagen Juding. In 2022, Xinju Energy's APD series 1200V 2mΩ three-phase full-bridge SiC-MOSFET module products have achieved important market breakthroughs, and have been installed in more than 10,000 vehicles equipped with main drive inverters, truly realizing large-scale mass production and delivered to Zeekr Weirui Electric Technology Co., Ltd.