Xiaomi Budget NEV Charging Provider, Good Inexperienced Charging

Lately, Good Inexperienced Charging, a provider {of electrical} methods for brand new power automobiles, introduced the final touch of a brand new spherical of financing price 100 million yuan ($16 million). This spherical of investment was once led by means of Xiaomi and was once adopted by means of Yonghua Capital, Suzhou Oriza Holdings Co, Chief Mission Capital and others.

The price range raised will likely be used for the R&D of high-voltage energy connections and distribution whilst additionally getting used to amplify manufacturing scale and alertness.

Based in 2010, Good Inexperienced Charging is a high-tech undertaking that develops, produces and sells the core parts present in new power automobiles. It supplies high-voltage connection answers for automobile makers and its core merchandise come with high-voltage connectors, charging and gear change connectors, distribution gadgets, amongst others.

The corporate has 3 primary production bases situated in Suzhou, Changzhou and Liuzhou, which can assist the corporate meet its goal for serving 3 million new power automobiles by means of mid-2022. Its consumers come with many mainstream automotive producers and providers at house and in another country.

The startup has invested greater than 10% of its gross sales earnings into analysis and building for 8 consecutive years, and has persisted to fortify its core competitiveness via an clever provide chain and workshop. It has over 160 technical patents and has participated in drafting 9 commercial and nationwide requirements.

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Solar Changxu, spouse of Xiaomi‘s commercial funding division, mentioned: “Electrical automobiles have introduced nice alternatives to China’s auto portions trade. Because the main producer of high-voltage connectors in China, Good Inexperienced Charging has superb R&D and production energy. It’s anticipated that the funding of Xiaomi will assist the company on the subject of capital, skill, era and trade.”