During this past week, three new projects have launched in multiple provinces: a project for mass production of vehicle modules, a new flexible folded glass substrate, and smart photoelectric camera filters. Read all about these three new projects here:
Leadrive Finishes Financing for Mass Production of Vehicle Modules
On August 17th, Leadrive announced it has completed its Series B financing of 150 million yuan. The financing was led by Legend Capital, the Aodong New Energy Founder, Lenovo Venture Capital Group, and the Shanghai Science and Technology Innovation Fund.
According to reports, this round of financing will be mainly used for the mass production of vehicle motor controllers and automotive-grade power modules. The 150 million yuan will also be used for development and market promotion of next-generation high-power-density electric drive assembly and silicon carbide (SiC) power modules.
Established in 2017, Leadrive is a high-tech start-up company dedicated to providing high-performance new energy vehicle power solutions and domestic power semiconductor modules. Leadrive’s high-power density control unit (PCU) for electric vehicles can meet various market demands, e.g., high and low voltage, air/water cooling, pure electric/plug-in, and others.
Flexible Folded Glass Substrate Project Signed in Nantong
This week, Shanghai Shangchuan Technology Co., Ltd. signed an investment agreement with Nantong Suxitong Technology Industrial Park to jointly invest 6 billion yuan on a new project, to be located in Nantong, aimed at yielding 50 million flexible folding glass substrates annually.
These flexible folding screen glass substrates will be widely used in 5G smartphones, smart wearable devices, tablets, smart vehicles and other high-tech end products. After the project is completed, the annual output value will reach 10 billion yuan.
Smart Photoelectric Camera Filter Project in Anhui Province
On August 18th, a signing ceremony for a smart photoelectric camera filter project was held in Liuan, Anhui Province. The total investment for this new project will be 500 million yuan.
Suzhou Lianchao Optoelectronics Technology Co., Ltd. is the majority investor for the project, which will mainly focus on research and development, production, and sales of infrared cut-off filters for an optical lens. The leased factory will be located in the Intelligent Industrial Park of Jin’an Economic Development Zone.
Founded in 2012, Suzhou Lianchao Optoelectronics is headquartered in Suzhou, Jiangsu Province. Specializing in optoelectronics, the company offers such products as optical low-pass filters, general infrared cut-off filters, narrow bandpass filters, blue glass filters and more.