Trugo Tech: Leading the Charge in Chassis-By-Wire

Shanghai Trugo Automotive Technology Co., LTD., a prominent player in the chassis-by-wire technology sector, has announced the completion of a 400-million-yuan Series B financing round. Blue Lake Capital, alongside several other investors, has boosted its investment in Trugo Tech, a company recognized for its leading position in the domestic brake-by-wire market. Trugo Tech's remarkable growth in the field is underscored by its impressive performance over the past three years, with more than 50 OEM designations for key projects. The company's flagship product, the EHBI-Onebox electro-hydraulic braking system, has attained mass production status, solidifying its prominence among top-tier OEMs. With China driving significant advancements in new energy vehicles, Trugo Tech is positioning itself to adapt to the shifts in the automotive industry landscape. By strengthening its cooperation with the supply chain and key academic partnerships, the company aims to enhance its R&D capabilities, increase the localization rate of subcomponents, and maintain its leadership in the market. Founder and CEO Jingjie Chen credits these achievements to steadfast partnerships and a commitment to leading the industrial upgrades in China’s automotive sector.