Xinmagnesium Electronics has completed tens of millions of yuan in Series A financing.

On August 28th, Suzhou Xinmei Xin Electronic Technology Co., Ltd. announced the completion of tens of millions of yuan in Series A financing. This round of financing was led by Wuchuanghua Industrial Fund, with follow-up investment from Yueda Automotive Science and Technology Innovation Fund under existing shareholder Jinpu Investment. The funds raised in this round will be primarily used to strengthen the supply chain construction, enhance scale production manufacturing capabilities, introduce high-end research and development and management talent, and accelerate the company's market expansion and product application landing in high-growth areas such as automotive electronics, hydrogen energy, energy storage, and smart grid.