Today, Hangzhou Zhiwei Technology Co., Ltd. (hereinafter referred to as “Hangzhou Zhiwei”), a domestic provider of Full Active Suspension System solutions for intelligent chassis in new-energy vehicles, officially announced the completion of nearly RMB 10 million in seed-round financing. The round was led by the Xinglian Zhitou Fund under Zhuji state-owned capital, and the proceeds will be used for Full Active Suspension System development and key-component product development.
Hangzhou Zhiwei Technology Co., Ltd. was established on September 10, 2025, in Hangzhou, Zhejiang. Shaoxing Zhiwei Yiyuan Technology Co., Ltd. (hereinafter referred to as “Shaoxing Zhiwei”) was established on December 4, 2025, in Zhuji, Shaoxing, Zhejiang Province. Looking ahead, Shaoxing Zhiwei will serve as the company’s headquarters and production base, focusing on Full Active Suspension System R&D and the industrialization of key components. Hangzhou Zhiwei will serve as the R&D Center, while the Changchun R&D Center will focus on Full Active Suspension System control software and forward-looking product pre-research. Zhiwei Technology will also take root in Zhuji, Shaoxing, develop steadily and step by step, pursue leadership in the industry, and bring honor to its alma mater, Jilin University’s automotive program.
With its leading Full Active Suspension System technology, Hangzhou Zhiwei Technology previously won an Excellence Award in the start-up category at the 2025 HI TECH Global Youth Entrepreneurship Competition in Hangzhou.
The entrepreneurial team builds on more than 30 years of product-development experience and technical accumulation in intelligent suspension at the National Key Laboratory of Automotive Chassis Integration and Bionics at Jilin University. It has an industry-leading, full-stack self-developed intelligent active-suspension system solution. Its founder, Wang Yang, holds a PhD in Vehicle Engineering from Jilin University, completed postdoctoral research at the National Engineering Research Center for Electric Vehicles at Beijing Institute of Technology, is a professional committee member of the Suspension Technology Branch of the China Society of Automotive Engineers, and serves as a reviewer for the leading domestic automotive journal Automotive Engineering. He is a well-known domestic expert in active suspension.
Zhiwei Technology is committed to leading breakthroughs and innovation in China’s core intelligent-suspension technologies and becoming a solution provider for intelligent AI all-terrain chassis using automotive robots as the platform.