In 2023, Xingji Meizu Group successfully completed a total of 2 billion yuan in angel+ round and Series A financing, achieving a post-investment valuation of over 10 billion yuan.
In the first half of this year, Xingji Meizu Group secured funding in the angel+ round from investors such as Rongyi Investment, Xingyuan Fund, and Wuhan Economic Development Zone. Recently, the group completed its Series A financing, led by Yato Capital and Harvest International Investments, with follow-on investments from QC Capital, Wuhan Economic Development Zone, and industry partners.
To better adapt to the rapid growth of its business, Xingji Meizu Group made organizational adjustments. Co-founder Shen Ziyu was appointed CEO, responsible for overseeing the group's overall operations; co-founder Su Jing was appointed president, managing the company's daily operations; and Qi Weimin took over as CFO from Su Jing, responsible for finance and investment-related matters.
Xingji Meizu Group is at the forefront of the intelligent mobility sector, committed to the cross-industry integration of consumer electronics and the automotive industry. The group was the first in the industry to propose the concept of "mobile domain," which goes beyond the traditional five domains of automotive technology (power domain, chassis domain, body domain, cockpit domain, and autonomous driving domain) to create a "sixth domain." This concept aims to fully integrate mobile devices into vehicles, enabling consumer electronics to empower smart cars.
Since its establishment, Xingji Meizu Group has expanded its business into various areas, including smart phones, smart cars, self-developed operating systems, and wearable devices. The company has released several key products, such as the new generation flagship phone, the Meizu 20 series, the boundary-less ecosystem Flyme 10, and the Flyme Auto intelligent cockpit operating system, establishing a comprehensive industrial structure and gaining a competitive advantage.
On June 19, 2023, Xingji Meizu Group announced the formation of a new joint venture with the global luxury all-electric high-performance automotive brand Polestar, in which Xingji Meizu Group holds a 51% stake. The Polestar OS intelligent cockpit system, built on Flyme Auto, will be equipped in the Polestar 4 model, which is set to be delivered by the end of this year.
In the future, Xingji Meizu Group will continue to focus on the deep integration and super synergy of the consumer electronics industry and the automotive industry, centering around "smart electric vehicles + smartphones + XR + advanced technologies." The company aims to provide users with a multi-device, all-scenario, and immersive integrated experience, while building a global smart mobility technology ecosystem.