Core Viewpoint - The China Securities Regulatory Commission has approved Suzhou Huichuan United Power System Co., Ltd.'s initial public offering (IPO) registration, with plans to raise a total of 4.857 billion yuan by issuing up to 707.5 million shares [1] Company Overview - Founded in 2016, the company aims to become a global leader in intelligent electric vehicle components and solutions [1] - Main products include electric drive systems (electric control, motors, integrated drive assemblies) and power systems (on-board chargers, DC/DC converters, integrated power assemblies) [1] Market Position - The company provides power system solutions to over 40 vehicle manufacturers and more than 170 vehicle models [1] - Projected shipment volume of power system products is expected to exceed 4.5 million units in 2024 [1] - The company is deeply involved in the entire lifecycle of electric vehicles, including vehicle design, power system development, production ramp-up, and after-sales warranty [1]