Xiaomi invests in another automotive parts supplier

Beijing (Gasgoo)- Recently, one of China’s auto suspension manufacturers, KH Automotive Technologies Co., Ltd. (KHAT), has added Xiaomi-backed joint venture company Yangtze River Xiaomi Industry Fund to its list of shareholders, with an RMB700,000 increase in registered capital, according to Tianyancha, a Chinese corporate registry information platform.

the ECS; photo credit: KHAT

KHAT is an electronically controlled suspension (ECS) developer for passenger vehicles. KHAT was founded by Prof. Guo Konghui, an academician of the Chinese Academy of Engineering, in 2007 to provide test equipment and technical services on vehicle dynamics performance.

The company opened its production plant last October. The plant is designed for an annual production capacity of over 150,000 sets of ECS, taking up 8,000 square meters in Huzhou, Zhejiang Province. KHAT holds over 60 patents, mainly in the suspension system territory.

KHAT is the suspension supplier to Dongfeng Motor Group’s Voyah brand. Other clients of the company include FAW Group, SGMW, GAC Group, Changan Motor, Great Wall Motor, Geely Auto, BAIC BJEV, JMEV, Weltmeister Motor, AIWAYS, and Leapmotor.

Xiaomi is actively mapping out its automaking voyage. The company and its capital firms were vigorously investing in many companies in the intelligent vehicle manufacturing field, including autonomous driving solutions companies, lithium-ion battery suppliers, auto-grade chip developers, and intelligent vehicle technology providers.

Sources disclosed last week that Xiaomi EV will be debuting its first vehicle in 2024 and releasing a new model each year in three years. The company is projecting a three-year sales volume of 900,000 vehicles.