Group 1 - Wuxi Xingqu Technology Co., Ltd. successfully completed a Series B financing round, led by semiconductor leader Chiplink Integration and market-oriented industrial capital [2] - The financing will be used for mass production of a new generation of ultra-integrated electric drive systems, research and development of silicon carbide technology, and global market expansion [2] - Xingqu Technology, established in 2021, is a high-performance electric drive company backed by Geely Holding Group and has nearly 20 years of R&D and manufacturing experience in power transmission systems and electronic components [2] Group 2 - The first phase of Xingqu Technology's factory has an annual production capacity of 300,000 electric drive systems and 250,000 motors, with an average capacity utilization rate exceeding 100% in 2024 [3] - The second phase of the project, covering 60,000 square meters, is expected to be topped out by the end of this year, with total electric drive system capacity projected to exceed 1 million units and motor capacity to exceed 2.5 million units by 2026 [3] - Since its establishment, Xingqu Technology has completed a full product line layout for pure electric and hybrid electric drives and has successfully expanded its customer base to over a dozen domestic and international clients [3]