Chongqing Chaoli Hi-Tech Co., Ltd.

Chongqing Chaoli Hi-Tech Co., Ltd. (hereinafter referred to as "Chaoli Hi-Tech") was founded in 1993 and has always focused on industries related to "low carbon, environmental protection, intelligence, and service." For thirty years, it has consistently been dedicated to the research and development, manufacturing, and sales of automotive electronics and electronic control systems, new energy vehicle thermal management systems, internal combustion engine emission control systems, and other industrial control systems. It holds controlling or minority stakes in five enterprises:

In July 2014, Kairui Weikesi was established. Its predecessor was a joint venture established by China Automotive Engineering Research Institute Co., Ltd. and Chongqing Chaoli Hi-Tech Co., Ltd. It is now a wholly-owned subsidiary of Chaoli Hi-Tech and a Chongqing high-tech enterprise. Its independently developed urea pump after-treatment system meeting China VI emission standards is installed and applied in mainstream domestic diesel engines.

In June 2019, it acquired a controlling stake in Chongqing Diyakang Electronic Technology Co., Ltd. At present, it has an annual production capacity of 1 million high-efficiency new energy motors, and its micro special motors are widely supplied to major domestic OEMs.

In August 2021, Chongqing Chaoli Electric Appliance Co., Ltd. and DENSO (China) Investment Co., Ltd. established a Sino-Japanese joint venture -- Chongqing Chaoli Electric Appliance Co., Ltd. (DENSO holds 51%, Chaoli Hi-Tech holds 49%), which has extensive cooperation with more than 20 well-known automobile brands.

In March 2022, Ranken New Energy Technology (Chongqing) Co., Ltd. was established, building an organic Rankine cycle (ORC) R&D and production base in Chongqing for the research and production of related technical equipment for ORC low-temperature waste heat power generation units to convert cold energy and thermal energy into electrical energy. Compared with traditional power generation technologies, this power generation technology has advantages such as environmental protection, high efficiency, feasibility, and intelligence. It has also cooperated with the Department of Energy and Power Engineering of Tsinghua University and Bitzer Refrigeration Technology (China) Co., Ltd. to build a joint laboratory for ORC new energy technology R&D and testing.

In March 2022, Mitavi (Chongqing) Digital Technology Co., Ltd. (hereinafter referred to as "Mitavi") was newly invested and established. Relying on nearly 30 years of technical accumulation in automotive thermal management and carbon neutrality technology by the group company Chongqing Chaoli Hi-Tech Co., Ltd. and strategic partner Chongqing Chaoli Electric Appliance Co., Ltd. (a DENSO-controlled enterprise), it builds a key laboratory of thermophysical engineering, gathers outstanding domestic experts in automotive electronics, automotive software, and artificial intelligence algorithms, and forms an advantageous technical team to provide advanced, reliable, and mass-producible intelligent thermophysical solutions for automobiles in the digital era.

Mitavi's vision is to become China's intelligent thermal management solution provider, support industry chain partners in realizing the ecological transformation of software-defined hardware, and work with industry chain partners and end consumers to embrace a new era of green mobility and low-carbon life.

Relying on deep technical accumulation in the field of thermal management and drawing on rich experience in mechanical and electronic manufacturing, and targeting the architecture of intelligent connected new energy vehicles, on the basis of the vehicle thermal management system, it combines thermodynamic theory research with experimental testing and physical modeling with machine learning to establish a complete set of optimization algorithms for whole-vehicle heat source management. With continuous software iteration and subsequent OTA upgrades, it achieves goals such as improving thermal management efficiency, enhancing new energy vehicle safety, improving energy consumption optimization and range, and improving driving and riding comfort.

In addition to automotive thermal management, relying on the group's hardware R&D and manufacturing capabilities, it expands control algorithm technologies in carbon dioxide heat pumps, thermal management of energy storage equipment, and variable-frequency water cooling systems, using software to define temperature management scenarios such as commercial air conditioning, precision air conditioning, data centers, and energy storage stations, fully realizing the service concept of safety and efficiency, energy conservation and low carbon, and intelligent control.

It establishes an industrial software training school, explores customized, practical training-oriented, and interdisciplinary talent cultivation mechanisms, cooperates with universities, research institutes, and core enterprises, and builds an industrial software practical skills talent cultivation and output system serving the intelligent industry; develops an MES+ERP supply chain management system for upstream and downstream enterprises, integrates the intelligent manufacturing industry value chain, and unblocks channels for settlement, finance, and information aggregation and transmission in the industrial chain.