Recently, Suzhou Suyan Electronic Technology Co., Ltd. (hereinafter referred to as Su Yan Electronics) has completed 10 million-level angel round financing, which is led by Xuanyuan Capital.
The funds will be used to promote the company’s technical iteration and capacity expansion in the field of thermal management of next-generation new energy vehicles.
Su Yan Electronics is an enterprise specializing in the development of thermal management system for new energy vehicles.
According to reports, the company’s senior management team are from the world-renowned Tier1, with an international vision, the core members have nearly 20 years of entrepreneurship and experience in the automotive industry, with mass production, quality control and delivery experience.
Compared with traditional fuel vehicles, new energy vehicles face more complex and stringent technical challenges in thermal management.
As the end market continues to roll in, more and more models are equipped with 800V high-voltage platform, ultra-fast rechargeable battery has become a new technology trend, which also has higher requirements for the performance of the thermal management system.
Su Yan Electronics focuses on the thermal management system track, and the company’s core technology is thick film heating technology.
According to reports, this technology is an efficient way of energy conversion, through the application of current on the conductive material, the use of resistance heating effect to convert electrical energy into heat.
Thick film heating technology has application space in many fields, such as power battery heating, cockpit heating and so on.
Compared with traditional PTC (positive temperature coefficient) heating technology, thick film heating technology can achieve high power density and lightweight, high efficiency and energy saving, guaranteed performance and cost advantage at low temperature, and completely independent intellectual property rights.
At present, many international well-known automobile manufacturers such as Volkswagen, BMW, Mercedes-Benz, Audi and so on have adopted this technology.
For the future development, Su Yan Electronics has certain plans: in the short term, it will take the thick film heater as the core to further increase the market share of the products.
at the same time, it will layout the heat pump system in the medium and long term strategy.
gradually transformed into an omni-directional provider of thermal management solutions for new energy vehicles.
At present, Su Yan Electronics has built hundreds of thousands of sets of production capacity, has obtained purchase order letters from a number of passenger and commercial vehicle enterprises, and plans to start mass production this year.
Tong bailing, general manager of Su Yan Electronics, said that this financing will help Su Yan Electronics accelerate the research and development process and greatly improve product delivery capacity through the construction of new production lines.
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