Wuxi Xingqu Technology Completes Series B Financing

Wuxi XingDrive Technology Co., Ltd. recently completed its Series B financing round, with investors including Xinlian Integrated Circuit Manufacturing Co., Ltd. and Market-oriented Industrial Capital. The funds will be used for the mass production of a new generation of ultra-integrated electric drive systems, research and development of silicon carbide technology, and global market expansion. XingDrive Technology expects its order volume to triple year-over-year in 2025, with some products ranking among the top three in the industry. Orders from overseas customers (such as European luxury brands) are gradually being delivered. XingDrive's compact 400V and high-performance 800V electric drives, hybrid motors, and dual-motor controllers have entered production and are being supplied to Geely's Lynk & Co, Galaxy, and Thor Power brands.