TQJz closes Series B (B2) worth hundreds of millions of yuan, led by Xingyuan Capital
What's the deal? TQJz (清研精准), a Chinese intelligent electric vehicle lifecycle testing platform incubated by Tsinghua University's Suzhou Automotive Research Institute, has closed a B2 funding round worth hundreds of millions of yuan. Xingyuan CapitalDealroom has a profile for this one. Try Dealroom → led the round, with co-investment from FAW Fusheng's Jisheng Asset and an unnamed state-owned enterprise industrial fund.
Why now? China's EV market is the world's largest, and the rapid growth of smart, connected vehicles has created surging demand for comprehensive testing and inspection across the full vehicle lifecycle — from production to after-sales. TQJz is positioning itself as a domestic leader in this niche.
The signal: TQJz sits at the early growth stage, yet its ability to attract both a dedicated investment fund in Xingyuan Capital and corporate backing linked to FAW — one of China's largest state-owned automakers — underscores how EV testing infrastructure is becoming a strategic priority, not just a services niche. As smart vehicle complexity rises, expect more automaker-adjacent capital to flow into the inspection and certification layer that underpins the entire supply chain.
Read more: ITjuzi
