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SAIC Finance Leads Investment as Yanlong Technology Secures RMB 200 Million in Series B Financing

Gasgoo 2025-08-26 09:23:33

Recently, YANLONG Technology, a manufacturer of lightweight automotive components, announced the completion of a 200 million yuan Series B financing round, jointly led by Hengxu Capital and SAIC Capital, a subsidiary of SAIC Motor. Songhe Capital, Suzhou High-tech Financial Holdings, Guotai Junan Innovation Investment, and other institutions also participated in the round, with Multi-dimensional Capital acting as the exclusive financial advisor. Notably, this financing round comes less than a year after the nearly 100 million yuan Series A round completed in November 2024.

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Image source: Yanlong Technology Official

The raised funds will be primarily used to expand advanced production capacity in the fields of hot forming and integrated die-casting, in order to meet the growing order delivery demands from leading OEMs such as BYD, Geely, Xiaomi Auto, and Li Auto, and to strengthen the company's technological advantages in integrated manufacturing. Yanlong Technology currently operates eight factories nationwide, located in Changzhou, Suzhou, Chengdu, and Beijing, each responsible for specialized functions such as mold development, hot forming, and welding assembly.

On the technical front, the company is founded on high-precision mold design, with over 60% of mold projects focused on high-difficulty body panels such as side panels and fenders, placing its technical capabilities among the top in the domestic market. Leveraging its mold advantages, the company has achieved deep extensions in two core processes: hot stamping and integrated die casting. In the field of hot stamping, its 1500-2000MPa ultra-high-strength steel technology can mass-produce integrated single/double hole door rings, integrating key components such as A/B pillars and threshold beams, reducing weld points by over 50%, and achieving a structural weight reduction of 15%-20%. In the integrated die casting domain, the company is accelerating the deployment of 5000-ton die casting equipment to produce large components such as the front cabin assembly and D-pillar assembly. It is also proactively developing 7000-9000 ton equipment, targeting larger components like rear floors and battery trays, while advancing the application of lightweight magnesium alloy materials.

In terms of customer collaboration, Yanlong Technology has deeply engaged with mainstream automotive companies such as Li Auto (receiving its highest 5A supply chain rating), BYD, and Geely. It has also entered the supply chains of new forces like NIO, Leapmotor, Xiaomi, Zunjie, and Shangjie. The company is actively expanding into international clients such as Toyota and Tesla, continuously enhancing market share through platform-based project integration. Hengxu Capital, an industrial investor, pointed out that Yanlong Technology's accumulation across the entire mold-material-process chain aligns with the core demands for automotive lightweighting and passive safety upgrades, highlighting significant potential for technological spillover.

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SAIC Finance Leads Investment as Yanlong Technology Secures RMB 200 Million in Series B Financing

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