The mass production of automotive-grade chips is accelerating. After hundreds of millions of yuan in Series B financing, Xihua Technology once again completed more than 200 million yuan in Series B+ financing.

Beijing, China, November 13 , 2023 - Recently, Xihua Technology completed a B+ round of financing of over 200 million yuan jointly invested by Jinglin Capital, Hongtai Fund, and Luxin Venture Capital , and old shareholder Hony Capital continues to support it. In 2023 , Xihua Technology has completed two rounds of financing in a row, attracting the attention of the capital market. The funds raised in this round will be used to continue to strengthen the core technology research and development of Xihua Technology in the field of automotive chips, and accelerate the development and iterative mass production of multiple car-grade new products.

Xihua Technology is a local IC design company focusing on the fields of intelligent sensing and computing control . The company was founded in 2018. It is a national high-tech enterprise specializing in special new enterprises. It has currently deployed more than 400 intellectual property rights such as patents , and participated in the drafting of national standards for vehicle -level functional safety. It has offices in Shenzhen, Shanghai, Beijing, Hefei, and Chengdu. It has a R&D center and sales office; the company aims to provide global customers with sensing, computing control chips and solutions for smart terminals, expanding from consumer terminals such as mobile phones and smart wearables to smart electric vehicle applications, focusing on smart car cockpits , new energy systems, automatic and assisted driving systems and other needs; the company's products include high-performance vehicle MCUs and MCU+ , human-vehicle interaction sensors, screen display drivers and bridge chips, etc.

Xihua Technology M01 series chips

In the automotive field, Xihua Technology's CVM011x series (hereinafter referred to as the M01 series) has achieved mass production of multiple 32- bit automotive -grade MCU products and has begun to supply customers stably . The products have been successfully introduced into many vehicle manufacturers and implemented in dozens of designated projects. They are widely used in automotive body control, thermal management, PEPS , engine anti-theft modules, tail lights, energy storage, electronic shifters and other scenarios. At the same time, the M02 series of multi-core MCUs for domain controllers is under development and has been targeted at domestic leading OEM customers in advance. This series will mainly be targeted at application scenarios such as power / chassis /ADAS domains.

The product line of the company's automotive division includes high-performance 32- bit MCU , MCU+CapSensor , etc.; it has currently obtained the ISO26262 ASIL-D functional safety process certification issued by Rheinland, Germany, and the ISO26262 ASIL-B functional safety product certification issued by the National Innovation Center ( CVM014x series); In the Q1 quarter of 2023 , Xihua Technology officially launched the new automotive-grade MCU CVM011x series based on the ARM Cortex M0+ core . All the company's products have passed the AEC-Q100 automotive reliability test standard and have embedded information security modules and encryption engines. Currently, the CVM014x series and CVM011x series automotive-grade general-purpose MCUs have been officially mass-produced; the CVM012x series is expected to be mass-produced and shipped in the first half of 2024 , and has received support from many leading customers.

The company will continue to increase investment in R&D and mass production in the field of automotive -grade chips. While providing customers with high-quality products and services, it is committed to promoting the vigorous development of the entire industry, establishing a more complete ecosystem, and forming a healthy industry. Linked and supporting supply chain systems work together to create a new era of automotive quality.