JOYNEXT

JOYNEXT

Develops and manufactures products in the areas of car-infotainment, navigation, connection technologies and audio for the automotive manufacturers.

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DateInvestorsAmountRound
-investor

€0.0

round
investor investor investor investor investor

€0.0

round
*

CNY322m

Growth Equity VC
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD202020212022
Revenues000000000000
% growth-10 %24 %
EBITDA000000000000
Profit000000000000
EV000000000000
EV / revenue00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x
R&D budget000000000000

Source: Dealroom estimates

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JOYNEXT operates as the automotive connectivity business unit of Joyson Electronics, positioning itself as a Tier-1 supplier for the global automotive industry. The company traces its roots back to 1997 when it was founded as TechniSat Automotive. A significant transformation occurred in 2016 when Joyson and Preh each acquired 50% of the company, rebranding it as Preh Car Connect. By 2019, the company became fully owned by the Joyson group and was renamed JOYNEXT, with its global headquarters in Ningbo, China, and a major European base in Dresden, Germany.

JOYNEXT serves major automotive manufacturers, including Volkswagen, Audi, and Ford, with whom it has maintained long-term development partnerships for over two decades. The business model is centered on being a direct development partner and system supplier to these OEMs. Revenue is generated through the sale of integrated hardware and software solutions that are factory-installed in new vehicles. Their products are currently in over ten million vehicles worldwide. The company is managed by a team that includes CEO Xi Xiaohua and Co-CEO Stavros Mitrakis.

The company's core business revolves around developing technologies for intelligent and connected vehicles. Its product portfolio is extensive, covering intelligent cockpits, smart connectivity, and solutions for autonomous driving. One of their key offerings is the intelligent cockpit, which integrates infotainment, connectivity, and human-machine interaction through features like multimodal interaction and Android Embedded Devices (AED) for rapid mass production. Another area of focus is smart connectivity, particularly through Vehicle-to-Everything (V2X) technology, which enables communication between the car and its environment, including other vehicles and infrastructure. JOYNEXT has become one of the first mass-producers of 5G-V2X technology. They also provide a range of software and cloud-based services, including IoV-related SaaS/SaaP offerings like navigation and AR engines.

Keywords: automotive connectivity, Tier-1 supplier, intelligent cockpit, V2X technology, in-vehicle infotainment, smart mobility, autonomous driving solutions, connected car, automotive electronics, vehicle networking, telematic solutions, human-machine interaction, 5G-V2X, automotive software, ADAS, domain controller, Joyson Electronics, connected vehicles, automotive supplier, system integration, cyber security services, cloud-based vehicle services

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