Recently, Jiangsu Suyan Electronic Technology Co., Ltd. (hereinafter referred to as Suyan Electronics) completed a 10 million yuan angel round of financing, led by Xuan Yuan Capital. The funds will be used to promote the company's technological iteration and capacity expansion in the field of next-generation new energy vehicle thermal management.

Suyan Electronics is an enterprise dedicated to the development of thermal management systems for new energy vehicles. It is reported that the company's executive team is all from the globally renowned Tier 1, with an international perspective. The core members have nearly 20 years of entrepreneurial and professional experience in the automotive industry, with experience in mass production, quality control, and delivery.

The thermal management system of new energy vehicles is a key component that ensures optimal performance of electric vehicles under different environmental conditions. Compared with traditional fuel vehicles, new energy vehicles have eliminated the engine and gearbox and added a three electric system, in which the battery needs to perform heating and cooling simultaneously, the motor and electronic control need to be cooled, and the cabin also has heating and cooling requirements.

With the continuous competition in the terminal market, more and more car models are equipped with 800V high-voltage platforms, and ultra fast charging batteries have become a new technological trend, which also has higher requirements for the performance of thermal management systems.

The cost of thermal management systems for new energy vehicles is also more expensive. It is understood that the thermal management system of traditional fuel vehicles is about 2800 yuan/set, while the thermal management system of pure electric vehicles is as high as 7050 yuan/set, and the thermal management system of plug-in hybrid vehicles is about 7650 yuan/set.

Therefore, Su Yan Electronics is deeply involved in the field of thermal management systems, and the company's core technology is thick film heating technology. This is an efficient energy conversion method that converts electrical energy into thermal energy by applying current to conductive materials and utilizing the resistance heating effect. Thick film heating technology has great potential for application in various fields such as power battery heating and cabin heating.

According to the company's introduction, compared to traditional PTC (positive temperature coefficient) heating technology, thick film heating technology can achieve high power density and lightweight, high efficiency and energy saving, as well as guaranteed performance at low temperatures.

More importantly, thick film heating technology also has cost advantages and fully independent intellectual property rights. At present, many internationally renowned car manufacturers such as Volkswagen, BMW, Mercedes Benz, Audi, etc. have taken the lead in adopting this technology.

This technology can be applied to multiple aspects of the vehicle thermal management system, and its characteristics can help electric vehicles reduce power consumption, extend range, and improve overall energy efficiency. The advantage of its smaller size also provides greater flexibility and innovation space for vehicle design.

Su Yan Electronics' plan is to focus on thick film heaters as the core in the short term to further enhance the market share of its products; At the same time, in the medium to long term strategy, the company will lay out heat pump systems and gradually transform into a comprehensive provider of thermal management solutions for new energy vehicles.

For this financing, General Manager Tong Bailing said, "This financing will help us accelerate our research and development process and significantly improve our product delivery capabilities through the construction of new production lines. We believe that with the industrial support of Xuan Yuan Capital and the unremitting efforts of our team, Su Yan Electronics will occupy a place in the field of new energy vehicle thermal management systems and provide more efficient solutions for the global electric vehicle market.

With the rapid popularization of electric vehicles worldwide, the demand for efficient and reliable thermal management systems has sharply increased. We look forward to working with the Su Yan Electronics team to promote the application and commercialization of this key technology, "said Wang Rongjin, founding partner of investment firm Xuan Yuan Capital.