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Jiachen ElectronicsTinyarcadeatari2600Xiaomi car SU7 charging boost system supplier, focusing on new energy vehicle high voltage safety research and development, has officially launched IPO.

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[Jiachen Electronics starts IPO to help Xiaomi Group SU7 R & D] with the rapid development of new energy vehicle industry, Wuhan Jiachen Electronic Technology Co., Ltd. (Jiachen Electronics) has completed the listing and guidance record registration with Hubei Securities Supervision Bureau, and officially started its IPO journey. Jiachen Electronics, founded in 2016 with a registered capital of 60 million yuan, is mainly engaged in the R & D and production of new energy vehicle high voltage safety system and its key components. As a leading company in the industry, Jiachen Electronics has served 80% of the new energy mainframe plants in China, and has the largest share in the independent third-party market for three years in a row. Of particular concern is the close cooperation between Jiachen Electronics and Xiaomi Group. The company demonstrated its technical strength and market position by providing a charging boost system for Xiaomi's first product, the SU7. Jiachen Electronics' intelligent high-voltage safety system is very important for new energy vehicles, which ensures the stable power output of the battery pack and high-power fast charging, while improving the accuracy of vehicle SOC calculation, and can ensure vehicle safety in special abnormal circumstances. Jiachen Electronics is controlled by Wuhan Qiruixing Technology Co., Ltd., with a shareholding ratio of 18%.Tinyarcadeatari2600.8885%. In addition, Jiachen Electronics has received investment from many well-known institutions, such as Dongfeng assets, Xiaomi Yangtze River Industrial Fund, China Banking International and Zhonghuan Capital. Xiaomi Yangtze River Industrial Fund made two rounds of investments in Jiachen Electronics in 2021 and 2023, reflecting Xiaomi Group's confidence in the future development of Jiachen Electronics. In terms of technological research and development, Jiachen Electronics is also outstanding. Up to now, the total number of patent applications of the company has reached 60, of which invention patents account for 47% and valid patents account for 85%. In 2023, the number of patent applications reached 23, showing strong innovation vitality and R & D sustainability. With the continuous popularity of the new energy vehicle market, the listing of Jiachen Electronics will be closely watched by the capital market. According to the forecast of High-tech Industry Research Institute, the sales of new energy vehicles in China will reach 11.5 million in 2024. As the key to enhance user experience and promote technology upgrading, high-voltage fast charging technology has a broad market prospect. Jiachen Electronics'R & D and marketing performance in this field will determine whether it can occupy a favorable position in the future market competition. The listing process of Jiachen Electronics also marks a new chapter in the ecological chain enterprise IPO of Xiaomi. Xiaomi Group is helping more supply chain partners to achieve a breakthrough in the capital market through investment and order support. From Hosai Technology, Fute Technology to Yingfeng Electronics, Xiaomi's ecological chain enterprises are gradually emerging in the capital market.