NEV Chassis System Components Developer Guangzhou Hede Completed A+ Round Financing

Recently, Guangzhou Hede Lightweight Forming Technologies Co., Ltd (hereinafter referred to as Guangzhou Hede) (Chinese: 广州和德) completed A+ round financing. Guangzhou Hede has established strategic cooperations with Huayi Capital (Chinese: 华屹资本) on Sep. 26th and Haihui Investment (Chinese: 海汇投资) on Sep. 28th. This joint investment made by Huayi Capital and Haihui Investment will lend fresh impetus to the rapid development of Guangzhou Hede.

It is learned that this fund will be used for mass production of NEV chassis system components which have already been successfully developed and cell to chassis R&D.

Established in 2015 Sep, Guangzhou Hede is a new high-tech enterprise specializing in aluminium base lightweight material foundry equipment's R&D, new technology research, and production. The company provides whole-process service including product structural design, technological design, mold design, equipment design, design validation and mass production management for its clients. Guangzhou Hede has set up a research center for lightweight forming technology, a smart equipment subsidiary, an automotive business group and a short-distance traffic business group.

In September, Guangzhou Hede passed the fourth national foundry industry top companies' selection after it was accredited by MIIT as being one of the "Technologically Advanced Small and Medium-sized Enterprises" to support. The company was also chosen as one of the "100 Guangzhou pre-IPO enterprises in 2022" out of over 12,000 competitors. It is revealed that several heavyweight products will be in mass production by the end of this year.