7 hours ago
Lingdong Technology Completes Series A+ Financing
NextFin News -- Lingdong Technology has completed several hundred million yuan in Series A+ financing, led by PwC Capital and Baiyun Jinkong. As a supplier of new energy thermal management systems, Lingdong Technology specializes in core products such as thermal management integrated modules, intelligent domain controllers, and water cooling units. The company leverages AI intelligence and modular integration technology to reduce costs and improve efficiency for automotive manufacturers. Currently, Lingdong Technology serves over a dozen leading automotive companies, including FAW Jiefang, GAC Lingcheng, Leap Motor, and Changan Deep Blue, establishing a leading position in the heavy-duty truck segment of the commercial vehicle market. The funds raised in this round will be used for product research and development (R&D) and the capacity construction of four major bases in Hangzhou, Suzhou, Jinhua, and Guangzhou in China, with a target annual production capacity of 2 million intelligent domain controllers.
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