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Xiaomi is investing in another auto parts supplier

Beijing (Gas Goo)- Recently, KH Automotive Technologies Co., Ltd., one of the Chinese automobile suspension manufacturers. (KHAT) has added the Xiaomi-backed joint venture Yangtze River Xiaomi Industry Fund to its shareholder list and increased its registered capital by RMB 700,000. According to Tianyancha, a Chinese corporate registry information platform.

ECS; Photo Provider: KHAT

KHAT is the developer of electronically controlled suspension (ECS) for passenger cars. KHAT was founded in 2007 by Professor Guo Konghui, a scholar at the Chinese Academy of Engineering, to provide test equipment and technical services for vehicle dynamics performance.

The company opened a production plant in October last year. The plant is designed to achieve an annual production capacity of over 150,000 sets of ECS, occupying 8,000 square meters in Huzhou, Zhejiang. KHAT holds more than 60 patents, mainly in the area of ‚Äč‚Äčsuspension systems.

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

Xiaomi is actively planning a car manufacturing voyage. The company and its capital companies have invested vigorously in many companies in the field of intelligent vehicle manufacturing, including autonomous driving solutions companies, lithium-ion battery suppliers, autograde chip developers, and intelligent vehicle technology providers.

Sources revealed last week that the Xiaomi EV will debut its first vehicle in 2024 and will release a new model each year within three years. The company expects to sell 900,000 units in three years. Xiaomi is investing in another auto parts supplier

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