Yinwang Smart Technology Revenue, Valuation, Funding & Investors

Yinwang Smart Technology is valued at $17B as of August 2024, a 11.1x multiple on its last reported $1.5B revenue.

Last Yinwang Smart Technology valuation

$17B

Strategic investment · Aug 2024

Last Yinwang Smart Technology funding round

$1.6B

Strategic investment · Aug 2024

Yinwang Smart Technology revenue

$1.5B

Strategic investment · Aug 2024

Key investors in Yinwang Smart Technology

Yinwang Smart Technology Overview

About Yinwang Smart Technology

Yinwang Smart Technology is a Shanghai-based supplier of automotive components including intelligent chassis systems and sensors. It delivers ADAS hardware to SAIC Motor and Geely vehicles produced in China. Established in 2019 as a joint venture with Bosch, the company manufactures at facilities in Jiangsu.


Founded

2024

HQ

ChinaShenzhen

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Revenue

$1.5B (Aug 2024)

Valuation

$17B (Aug 2024)

Yinwang Smart Technology Valuation

Yinwang Smart Technology is currently valued at $17B, based on its strategic investment round in August 2024.

The $1.6B round was led by Seres Group.

Yinwang Smart Technology's valuation has moved from $17B at its strategic investment round in August 2024 to $17B in August 2024, across 2 priced rounds.

Yinwang Smart Technology valuation by funding round

Revenue multiple
Yinwang Smart Technology valuation by funding round
DateStageValuationRevenue Multiple
Aug 2024Strategic investment$17B11.1x
Aug 2024Strategic investment$17B11.1x

Yinwang Smart Technology Revenue

Yinwang Smart Technology's latest recorded revenue is $1.5B, as of its strategic investment round in August 2024. At a $17B valuation, that implies a 11.1x revenue multiple.

Revenue moved from $1.5B in August 2024 to $1.5B in August 2024, while the revenue multiple moved from 11.1x to 11.1x.

Yinwang Smart Technology revenue by funding round

Yinwang Smart Technology revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Aug 2024$1.5B$17B11.1xStrategic investment
Aug 2024$1.5B$17B11.1xStrategic investment

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Yinwang Smart Technology Funding History

Yinwang Smart Technology has raised a total of $3.2B across 2 funding rounds.

Yinwang Smart Technology's first fundraising round was a $1.6B strategic investment round in August 2024. The most recent completed round was a $1.6B strategic investment round in August 2024.

Yinwang Smart Technology funding rounds

Yinwang Smart Technology funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2024Strategic investmentSeres Group (lead)$1.6B$17BShenzhen Yinwang Intelligent Technology is a Huawei-owned company founded in January 2024 that specializes in automotive intelligent systems, including intelligent driving solutions, smart cockpits, controls, cloud platforms, AR-HUD lighting systems, and vehicle-mounted equipment. The company serves as Huawei's dedicated smart car solutions and components subsidiary. On August 25, 2024, Seres Group agreed to acquire a 10% equity stake in Yinwang from Huawei for CNY 11.5 billion (USD 1.6 billion). This valuation of CNY 115 billion was derived from the stake price: if 10% costs CNY 11.5 billion, the full company is valued at CNY 115 billion. Seres is the second major Chinese automaker to invest in Yinwang, following Avatr Technology (Changan Automobile's EV brand), which agreed to the same terms on August 20, 2024. Yinwang generated CNY 10.4 billion in revenue during the first half of 2024, comprised of CNY 6.1 billion from hardware and CNY 4.3 billion from software and services. The company achieved a net profit of CNY 2.2 billion in H1 2024. Both Seres and Avatr's investments were structured in installments, supporting Huawei's strategy to position Yinwang as an open platform serving multiple automakers in China's EV ecosystem.
Aug 2024Strategic investmentAvatr (lead)$1.6B$17BYinwang Intelligent Technology Co. Ltd., a wholly-owned subsidiary of Huawei founded in January 2024, develops intelligent car systems and components including smart driving solutions, cockpits, controls, cloud platforms, lighting, and vehicle-mounted equipment. On August 19-20, 2024, Avatr Technology, backed by Changan Automobile and CATL, agreed to acquire a 10% stake from Huawei for 11.5 billion yuan (USD 1.6 billion), valuing Yinwang at 115 billion yuan post-money, with Huawei retaining 90%. The payment was made in three installments: 2.3 billion yuan in October 2024, 5.75 billion yuan in February 2025, and 3.45 billion yuan later. This investment strengthens the strategic partnership between Avatr, Changan, and Huawei's Yinwang unit, enabling deeper collaboration in intelligent automotive technology, R&D, software, and vehicle manufacturing. Following the first payment, Huawei transfers technology, assets, and personnel to Yinwang, which operates on a two-way supply model serving Avatr and Huawei partners like Aito, Stelato, Luxeed, and Maextro. The deal supports Huawei's open platform strategy for electrification and intelligent vehicles amid U.S. sanctions, with plans to co-develop 17 models by 2030.

Who has invested in Yinwang Smart Technology?

2 investors have backed Yinwang Smart Technology across its funding rounds, including Seres Group and Avatr.

Lead investors include Seres Group and Avatr.


Yinwang Smart Technology Investors

Investors in Yinwang Smart Technology by funding rounds participated
InvestorHQRoundsRoleFirst check

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Yinwang Smart Technology Competitors

Yinwang Smart Technology competitors include listed companies like Furukawa Electric, Continental, Zhejiang Century Huatong and Magna International, and private ones like Horse Powertrain and Sunwoda Electric Vehicle Battery.

Public and private companies comparable to Yinwang Smart Technology
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Furukawa ElectricJapanJapanPublicly listed$8.4B$1B$17B2.1x
ContinentalGermanyGermanyPublicly listed$23B$2.1B$16B1.2x
Zhejiang Century HuatongChinaChinaPublicly listed$5.7B$1.2B$16B2.2x
Magna InternationalCanadaCanadaPublicly listed$42B$3.4B$17B0.5x
Horse PowertrainSpainMadridPrivate$8B$885M$7.7B1.0x
Sunwoda Electric Vehicle BatteryChinaShanghaiPrivate$2.2B-$5B2.3x

Yinwang Smart Technology Public Comps

Yinwang Smart Technology is still privately-owned, but its public comps include Furukawa Electric, Continental, Zhejiang Century Huatong, Magna International, Motherson Group, Genuine Parts, Bosch, Knorr-Bremse, TVS Motor and BorgWarner.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Furukawa Electric$8.4B$1B2.3x2.1x18.9x21.5x
Continental$23B$2.1B1.0x1.2x10.9x6.6x
Zhejiang Century Huatong$5.7B$1.2B2.5x2.2x12.2x9.0x
Magna International$42B$3.4B0.5x0.5x6.6x5.5x
Motherson Group$13B$1.2B1.5x1.3x15.4x14.1x
Genuine Parts$24B$754M1.0x1.0x32.0x11.6x
Bosch$2B$376M6.9x6.1x37.4x45.4x
Knorr-Bremse$9B$1.5B2.4x2.3x14.7x12.6x

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Common questions about Yinwang Smart Technology

When was Yinwang Smart Technology founded?Yinwang Smart Technology was founded in 2024.
Where is Yinwang Smart Technology headquartered?Yinwang Smart Technology is headquartered in Shenzhen, China.
Is Yinwang Smart Technology publicly listed?No, Yinwang Smart Technology is a private, VC-backed company.
What is Yinwang Smart Technology's valuation?Yinwang Smart Technology was last valued at $17B in its strategic investment round in August 2024.
How much funding has Yinwang Smart Technology raised?Yinwang Smart Technology has raised $3.2B across 2 funding rounds.
What was Yinwang Smart Technology's last funding round?Yinwang Smart Technology's last funding round was a $1.6B strategic investment round in August 2024, led by Seres Group.
Who are Yinwang Smart Technology's investors?Yinwang Smart Technology's investors include Seres Group and Avatr.
What is Yinwang Smart Technology's revenue?Yinwang Smart Technology's latest recorded revenue is $1.5B (August 2024).
What is Yinwang Smart Technology's revenue multiple?Yinwang Smart Technology's latest valuation implies a 11.1x revenue multiple ($17B valuation on $1.5B of revenue).
Which companies are comparable to Yinwang Smart Technology?Companies comparable to Yinwang Smart Technology include Furukawa Electric, Continental, Zhejiang Century Huatong, Magna International, Horse Powertrain and Sunwoda Electric Vehicle Battery.

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