Zhejiang Konghui Automobile Technology

Zhejiang Konghui Automobile Technology

The first academicians in the automotive industry.

HQ location
Zhejiang, China
Launch date
Enterprise value
$784m
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$64.2m

Valuation: $784m

Series D
Total Funding000k
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More about Zhejiang Konghui Automobile Technology
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Zhejiang Konghui Automobile Technology (KHAT) is a specialized supplier of electronically controlled suspension systems for the passenger vehicle market, carving a significant niche in China's rapidly growing new energy vehicle (NEV) sector.

The company was co-founded in 2018 by Professor Guo Konghui, the first automotive industry academician in the Chinese Academy of Engineering, and his son, Guo Chuan (Chuck Kuok), who now serves as Chairman and CEO. This venture builds upon the foundation of Changchun Konghui, which Professor Guo established in 2007 to provide vehicle dynamics technical services. The family's deep expertise in automotive dynamics provided a crucial launchpad for the company. KHAT achieved a major milestone in June 2021 by becoming the first domestic supplier to mass-produce and deliver an air suspension system for a passenger vehicle, the Arcfox (岚图) FREE, breaking the reliance on foreign suppliers for this technology in the Chinese market.

KHAT's business model focuses on providing comprehensive solutions to original equipment manufacturers (OEMs). The company offers everything from complete electronically controlled suspension systems to individual core components like controller hardware and software, single and dual-chamber air spring assemblies, and valve pump units. Its revenue is generated through the direct sale of these systems and components to major automotive clients. The company serves a roster of prominent Chinese NEV brands, including Li Auto, ZEEKR, XPENG, and Arcfox, and has successfully penetrated the global supply chain, securing business with Volkswagen Anhui and SAIC Audi.

The company's core product is the electronically controlled air suspension system, which enhances vehicle comfort and stability by adjusting suspension stiffness and vehicle height in real-time. A key benefit, particularly for electric vehicles, is the system's ability to protect the battery and other chassis components by isolating high-frequency vibrations. KHAT has demonstrated strong in-house research and development capabilities, creating its own production and testing equipment and developing proprietary core algorithms. The firm is expanding its product line to include next-generation technologies like closed-loop valve pumps with proprietary intellectual property and active lateral stabilizer bars, positioning itself for future growth in the high-end automotive chassis market.

Keywords: automotive suspension, electronic air suspension, chassis systems, automotive components supplier, new energy vehicles, passenger car technology, vehicle dynamics, air spring assembly, suspension controller, automotive OEM supplier, dual-chamber air spring, electric vehicle components, China automotive industry, chassis control systems, Guo Konghui, active stabilizer bar, ECAS, Li Auto supplier, ZEEKR supplier, Arcfox supplier

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