Gasgoo Munich- On March 27, data from Qichacha showed that Zhejiang Linghao Thermal Control Co., Ltd. was recently established, with Song Yining as legal representative and a registered capital of 72 million yuan. The company's business scope covers the manufacturing of automotive parts and components, production of battery parts, and sales of new energy vehicle electrical accessories.
Equity structure data reveals that Zhejiang Linghao is wholly owned by Zhejiang Lingxiao Energy Technology Co., Ltd., a subsidiary of Leapmotor. This marks a significant move for Leapmotor in the core components sector.
Image source: Leapmotor
In terms of business scope, Zhejiang Linghao focuses on thermal management systems. This is a critical technology for new energy vehicles, directly impacting battery safety, driving range, and overall energy efficiency.
As the penetration rate of new energy vehicles continues to climb, the importance of thermal management systems is becoming increasingly pronounced, with both technical content and value per vehicle on the rise. By establishing a wholly-owned subsidiary in this field, Leapmotor signals its strategic intent to maintain control over core components.
Leapmotor has long championed a strategy of full-domain in-house R&D, with independent layouts in core areas such as electric drive, batteries, and electronic control.
The launch of Zhejiang Linghao plugs a crucial gap in thermal management. This helps strengthen vehicle integration capabilities, reduces reliance on external supply chains, and secures greater leverage in cost control and technological iteration. The fact that it is wholly owned by Zhejiang Lingxiao Energy Technology also indicates a close synergy with Leapmotor's battery and energy business segments.
From an industry perspective, competition in the new energy vehicle sector has shifted from vehicle assembly capabilities to vertical integration of core technologies. More automakers are choosing to build or control key component capacity to hedge against supply chain volatility and unlock cost optimization amid fierce price wars. Leapmotor's increased investment in thermal control is a clear reflection of this trend.
The establishment of Zhejiang Linghao sends a clear signal that Leapmotor is ramping up technical investment and refining its industrial layout. As a rapidly growing new energy automaker, Leapmotor is accelerating the self-sufficiency of core components as its sales volume expands, which should boost product competitiveness and profitability. As the new unit begins operations, its technological progress in thermal management and its impact on Leapmotor's vehicle performance will be worth watching.
