Recently, automotive interconnection solution supplier Chojic closed its pre-A round of financing worth tens of millions of CNY, which is expected to be used for product R&D, talent development and market expansion.
Internet of vehicles
On November 14, intelligent vehicle interconnection solution supplier Hunan Chojic Technology Co., LTD (hereinafter referred to as "Chojic") (Chinese: 卓劼智连) announced the completion of its pre-A round financing worth tens of millions of CNY, which was invested by CICVC (Chinese: 北京国汽智联投资管理有限公司) and one certain local state-owned investment institution. The fund is expected to be used for product R&D, talent development and market expansion.
Chojic, founded in 2014 and formerly known as ChengHoSin Technology (Chinese: 湖南诚合鑫科技股份有限公司), is one of the "New Special Expertise" enterprises in Hunan province focusing on providing power interconnection solutions for the whole architecture of smart cars. The company has established strategic cooperations with well-known universities and scientific research institutions, including National Innovation Center of Intelligent and Connected Vehicles and Tsinghua University. Additionally, its main products include power distribution systems, high-voltage connection systems and high-speed connection systems. The company has obtained orders worth hundreds of millions of CNY from multiple OEMs, including BYD, FAW, Dongfeng Motor, Thalys and other leading enterprises.
In the future, Chojic will continue to increase investment in technology research and development, forming differentiated competition and maintaining competitiveness worldwide.
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