海川资本战略押注“智能悬架水下龙头”：东霖智行如何走出“重构替代”之路

Core Viewpoint - The article discusses the emergence of East Lin Zhixing as a key player in the intelligent suspension system market, highlighting the shift towards domestic alternatives in the automotive industry and the significant investment interest from capital firms [3][4]. Group 1: Company Overview - East Lin Zhixing, established in July 2025, is the only domestic company capable of mass-producing active liquid-electric suspension systems, breaking the long-standing foreign monopoly in this core automotive component [3][4]. - The company's chairman, Song Jia, has extensive experience in the automotive industry, having held senior positions in major companies, which provides deep insights into the Chinese automotive market [3][6]. - The company has received angel round financing from various investors, including Haichuan Capital and Suzhou Fund, indicating strong capital support and strategic alignment with industry needs [4][6]. Group 2: Market Opportunity - The intelligent suspension market is currently valued at approximately 24 billion yuan and is expected to grow to 80 billion yuan within three years, with potential to exceed 100 billion yuan as technology advances [7][19]. - The shift from semi-active to fully active suspension systems is becoming a consensus among major manufacturers, creating a favorable environment for domestic companies to penetrate the market [7][19]. - Haichuan Capital's research indicates that major manufacturers plan to equip mainstream new energy vehicles priced between 200,000 to 400,000 yuan with active suspension systems by 2026-2027, providing a significant opportunity for East Lin Zhixing [7][19]. Group 3: Strategic Approach - East Lin Zhixing employs a "three-pronged" strategy focusing on product development, market expansion, and production capacity to establish a foothold in the competitive market [9][10]. - The company has developed a clear technology matrix covering high, medium, and low-end markets, with products already in mass production for mainstream new energy vehicles [11][12]. - The company aims to penetrate the market by leveraging cost advantages and product capabilities, with plans to expand into overseas markets and establish partnerships with international manufacturers [12][13]. Group 4: Technological Innovation - East Lin Zhixing is focused on a differentiated technological approach, utilizing liquid-electric active suspension and linear motor solutions to achieve full domestic production capabilities [18][19]. - The company’s technology is rooted in over 60 years of hydraulic system expertise, allowing it to offer competitive pricing while maintaining or improving performance compared to foreign products [19][20]. - The shift from relying on foreign suppliers to developing localized solutions enables East Lin Zhixing to redefine user experience in suspension systems, catering to local market preferences [20][21]. Group 5: Future Outlook - The article emphasizes that the transformation led by East Lin Zhixing represents a significant opportunity for domestic companies to not only replace foreign suppliers but also to reconstruct the entire value chain in the automotive suspension market [17][18]. - As major manufacturers prepare to launch new models equipped with active suspension systems, the company is positioned to play a crucial role in this transition, potentially reshaping consumer experiences in the automotive sector [21].