On April 13, 2023, Zhejiang Jinmet Group Co., LTD. (hereinafter referred to as "Jinmet") officially announced the completion of more than 200 million yuan of A round of financing, led by Junrui Investment (Chery), Haifu Industry Fund, Citic Construction Investment Capital, CLP Fund, Yichen Capital, Yunze Capital, Oriental Wealth, Haibang Investment, etc. The funds raised by Jinmet in this round will be used to further increase the line control chassis, intelligent driving, flat wire motor, hydrogen vehicle and other cutting-edge track, consolidate the core capabilities such as digital delivery, promote the self-research and self-production of core modules, and consolidate the company's leading position in the field of intelligent manufacturing of new energy vehicles.

Jinmet is a global digital equipment and automation production line provider, committed to providing first-class customers at home and abroad with stable, efficient, intelligent automotive and auto parts intelligent manufacturing solutions, the current business scope mainly covers the chassis by wire, three electric systems, body in white welding and intelligent driving and other fields.

Jinmet has two R & D centers in Shanghai and Suzhou, and three production bases in Changxing and Lianyungang, with more than half of its core technical team. Jinmet has carried nearly 20 years of research and development experience and technical accumulation in the automation industry, deep cultivation of motion control, machine vision, core algorithms and detection and other automation technology fields, and has accumulated deep accumulation in core processes such as gluing, welding, assembly and detection, and obvious technical advantages. At the same time, Jinmet has a strong self-sufficiency of parts, combined with years of accumulation of standardized design and process module library, which can greatly compress the production cycle and achieve agile delivery beyond the industry.

Since its establishment, Jinmet has always been the highest standard of the industry, and its products have passed a series of rigorous tests, successfully entering the supplier list of international well-known auto parts giants such as Mainland, Continental Peipa, Bosch, Honeywell, Hella, ThyssenKrupp, and continue to expand overseas channels and accelerate the international layout. In China, Jinmet has become the absolute leader in the field of intelligent manufacturing of wire chassis, previously helped Bethel to achieve the landing of the first domestic One-Box wire control chattel line, and has basically achieved the full coverage of domestic wire chassis including Bethel, Topu Group, Geely Yao Ning, Nansen, Lubo and other star enterprises. In addition, in the field of body-in-white welding, the company is a first-class supplier of a world-renowned new energy vehicle brand, BYD, Geely, Chery and other Ovens; In the field of Sanpower, the company has established good cooperative relations with well-known customers such as United Automotive Electronics, Oneworld, Minth Group and Weimess. Jinmet is working with upstream and downstream strategic partners to build an industrial ecosystem, constantly innovating and iterating various intelligent manufacturing solutions, and comprehensively helping downstream customers transform and upgrade intelligent manufacturing.

This financing is the first financing since the establishment of Jinmet, which has been highly recognized by upstream and downstream strategic investors in the industrial chain and first-line financial institutions in the industry. With the help of many parties, Jinmet will seize the historical opportunity to move towards high-level autonomous driving, firmly focus on the corporate strategy of "core components homemade, product business specialization, equipment delivery globalization, solution digitalization, and intelligent field diversification", build its own brand moat, deepen the deep cooperation with strategic partners, mutual benefit and win-win situation. Jointly define a new generation of intelligent travel tools, and build a future-oriented intelligent automobile industry chain innovation ecology.

Jiang Fan, chairman of Jinmet, said:"Jinmeet is not positioned as an equipment integrator, but as an intelligent manufacturing solution provider with independent research and development and manufacturing capabilities. In the future, we will continue to play our technical advantages in the fields of motion control, core algorithms, and autonomous detection, so that the core modules are completely self-sufficient." At present, Jinmet has established good cooperative relations with many automobile and auto parts leading enterprises, and we will further deepen the binding with these enterprises in the future, relying on their forward-looking strategic layout, so as to always focus on the most cutting-edge and cutting-edge technology fields of the industry; Jinmet will continue to strengthen the ability of production line digital empowerment, while seizing the big opportunity of China's new energy vehicle industry chain to go overseas, accelerate the speed of overseas layout, and achieve global production line delivery; In the future, with the continuous improvement of the company's business model and management system, the company will gradually develop diversified businesses such as industrial, medical and consumer, with the goal of becoming the world's leading provider of intelligent manufacturing solutions in multiple fields."

Zhang Luping, Chairman of Junrui Investment, said:"The automotive industry is currently undergoing profound changes, the wave of new energy transformation has an important impact on the entire industry chain, the growth of the head independent brands to drive the rapid development of local parts companies, including the upstream intelligent equipment enterprises ushered in the key development window period." Jinmet team brings together the top talents in the field of automation, in this era of competition for production efficiency, the company with the leading technical level, quality service and independent and controllable machining capabilities, and customers to establish a good strategic cooperation mechanism. We are very optimistic about the company's position in the increasingly fierce international competition for intelligent manufacturing."

Zhang Junyu, general manager of Haifu Industrial Investment Fund, said:"The wire chassis is an important part of the execution end of automatic driving, and with the increase in the penetration rate of new energy vehicles and intelligent driving, intelligent manufacturing equipment providers, including the wire chassis, will usher in rapid development opportunities." Jinmet team in the new energy industry and auto parts industry has a deep accumulation, independent innovation ability. We are optimistic about Jinmet's leading industry position, strong technical strength, and continuous innovation and iteration of digital intelligent equipment and intelligent manufacturing overall solutions to jointly accelerate the future development of China's automotive industry."

He Jianli, senior vice president of Citic Construction Capital, said:"At present, the trend of automobile electrification and intelligence continues to deepen, and reshaping the automobile industry chain, and the demand for expansion in each link is strong; At the same time, China is in the lead in a new round of automobile reform, and the rise of domestic Oems and parts factories provides better development opportunities for local automated production line service providers. Jinmet has many years of non-standard automatic assembly and testing technology precipitation and process accumulation in the auto parts industry, from the machine to the whole line design assembly layout, upstream self-sufficiency rate and non-standard standardization degree is high, and several subdivisions such as online control chassis, intelligent perception have a very good customer base, is expected to ride the car electric intelligent change, the rise of domestic brands wind, Get rapid development."