Workflow
PU(聚氨酯)
icon
Search documents
70%新能源车内饰TPO由它承包!这家企业完成Pre-IPO融资,上市在即
Sou Hu Cai Jing· 2025-07-07 13:20
Core Viewpoint - Suzhou Ruigao New Materials Co., Ltd. has completed a multi-hundred million RMB Pre-IPO financing, marking a significant step towards its upcoming IPO and highlighting its strong position in the eco-friendly automotive interior materials market [1][6]. Company Overview - Founded on October 11, 2012, and headquartered in Taicang, Suzhou, Ruigao New Materials specializes in the design, research and development, production, and sales of eco-friendly composite materials for automotive interiors [1]. - The company's core product, TPO (thermoplastic olefin), has a market share of nearly 70% in the new energy vehicle sector [1]. Founder Background - Founder Gao Jingang has a long-standing career in new materials, starting as an engineer in 1985 and later developing China's first flame-retardant synthetic leather for railway seats in 1991 [3]. - Under his leadership, the company developed TPO interior leather in 2015, breaking the technological monopoly of foreign giants like BASF and Dow, and significantly reducing costs from 200 RMB per square meter for imported materials [4]. Company Achievements - Ruigao New Materials is recognized as the first national-level manufacturing champion enterprise in Taicang, a national-level "little giant" enterprise, and a green factory in Jiangsu Province [6]. - The company has completed four rounds of financing, with the latest being Pre-IPO financing, further solidifying its foundation for an upcoming IPO [6]. Market Position - According to QYResearch, Ruigao ranks among the top ten automotive synthetic leather companies globally and is the only Chinese company on the list [7]. - The company's product range includes PU (polyurethane), TPO, and PVC (polyvinyl chloride), which are widely used in various automotive interior applications and extend to high-speed train seats and sports product exteriors [7].