With mature technologies and mass-produced products in engine electronic control of new energy vehicles and traditional vehicles, Yikangtaike has taken a leading position in the industry for its superb overall strength. Now it has established stable cooperation and supply relationships with multiple vehicle manufacturers, including FAW, JAC, Dongfeng, and Zotye.
Yu Shuhuai, founder and CEO of Yikangtaike, candidly stated, "Through more than a decade of rapid development, China’s auto industry has seen a significant growth in the production and assembly of auto components and parts and even in material processing, however, there is still a gap in auto electronic control. Having been committed to the auto electronic control field for over ten years, Yikangtaike has taken the lead in both technologies and products and gained recognition from more and more vehicle manufacturers”.
As the lead investor in this round, Grand Flight has great financial and industrial resources which are the assets Yikangtaike values the most and will provide significant drive for the enterprise’ development. Yu Shuhuai revealed, “In fact, many of our vehicle customers are also customers of Far East Horizon. We are very willing to work with our investors in the auto electronic control industry, in order to achieve breakthroughs in core technologies and products and develop the customer and business scale rapidly”.
Yu Shuhuai, the founder and CEO of Yikangtaike, graduated in automotive engineering from Tsinghua University (starting in 1994). He served as a senior executive successively in these companies such as Beijing Tianhai Hongda, Delphi, and AECON, and accumulated rich experience in the industry. It is understood that with new investment, Yikangtaike will continue to further the research and development of electronic control for new energy and traditional vehicles, and tap into the core supply system of more domestic independent brands, which will help the company achieve geometric growth in orders and sales revenue.
With the new round of investment, Yikangtaike will continue to further the research and development of electronic control for new energy and traditional vehicles, and tap into the core supply system of more domestic independent brands, which will help the company achieve geometric growth in orders and sales revenue.
