Beijing (ZXZC)- China’s smart new energy vehicle solution provider Hunan Chojic Technology Co., Ltd. (Chojic), announced on November 14 the completion of its Pre-A financing round.

With China Intelligent and Connected Vehicles (Beijing) Research Institute Co., Ltd. (CICV) as its leading investor, the company successfully raised tens of millions of yuan in the fresh round.  

According to Chojic, proceeds of the Pre-A round will be put towards the technological R&D of the company’s intelligent new energy vehicle (NEV) new electronic and electrical architecture interconnection system products, product smart manufacturing, talent pool, as well as its market exploration.

Formerly known as Hunan Chenghexin Technology Co., Ltd., Chojic’s presence in the NEV field can be dated back to 2014. The company is dedicated to providing electrical connection system solutions for the overall electronic and electrical architecture of intelligent NEVs, with main products including power distribution system, high voltage connection system (electrification), and high-speed connection system (intelligent connection).

Through its deep cooperation with multiple academies and institutions, such as CICV and Tsinghua University, Chojic has acquired 21 patents so far. The company’s capability is recognized by several major Chinese automakers, and has obtained procurement orders for various vehicle models from BYD, FAW Group, Dongfeng Motor, SERES, etc.