Xiaomi invests in Shanghai Ingin Automotive Technology
Beijing (Gasgoo)- Shanghai Ingin Automotive Technology Co., Ltd. (referred to as "Ingin"), a Chinese company in the intelligent access and entry field for automobiles, announced on May 24 the completion of a multi-million-yuan C+ round of financing.
The funding round was led by Beijing Xiaomi Intelligent Manufacturing Fund ("Xiaomi Fund") with participation from Sunic Capital and other institutions.
Photo credit: Shanghai Ingin Automotive Technology
Ingin will use the proceeds from this round of financing to focus on product development and global business expansion in the field of intelligent access and entry for automobiles, as well as the construction of its technology and market teams.
Founded in 2017, Ingin operates factories in Shanghai and Ningbo. It is an automotive parts company driven by high-tech and new technologies. Its main products include intelligent electric doors, electronic door locks and software algorithms, as well as environmental detection and sensing sensors.
Ingin is committed to providing integrated and technologically advanced solutions for intelligent access and entry in the automotive industry. The company possesses state-of-the-art R&D capabilities, including testing centers from subsystems to vehicle-level, led by industry-leading technical talents.
Through innovation and technological competitiveness, Ingin has gained recognition from top-tier customers. It has become a first-tier supplier to major domestic automakers such as SAIC Motor, Changan Automobile, Geely Automobile, Chery Automobile, Dongfeng Motor, FAW Group, and GAC Motor.
Additionally, Ingin has expanded its presence in overseas markets by providing intelligent access and entry products to renowned international brands such as Maserati, Peugeot, Citroën, and JEEP, as well as new energy vehicle startups including NIO, XPeng, IM Motors, VOYAH, and JIDU.
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