Who Will Become the "CATL" of the Electric Drive World?

July 16, Geely Galaxy unveiled the "Thunder 16-in-1 Smart Electric Drive" at a press conference named "Star Drive Era" to the world.

This not only announces that electric drive technology has officially entered a new era of high integration, but also pushes a company established only 5 years ago—Xingqu Technology—from behind the scenes to the center of the spotlight.

As the core ace of Geely's electric drive technology, Xingqu Technology uses its all-stack self-research hard power to connect the complete chain of electric drive technology. Although it is the first formal public debut, the market dominance of this young enterprise is already impossible to ignore: 2026 revenue is expected to exceed 20 billion yuan, firmly staying in the top tier of domestic electric drives.

As early as its inception, the goal of Xingqu Technology was clear: to set a technical benchmark for global electric drives and make electric drive solutions of "Made in China" the world standard.

Although the press conference has concluded, a judgment has become clearer: on the electric drive track, Xingqu Technology has the strength to become the next "CATL".

How deep has Xingqu dug this technological moat?

At this press conference, Geely Galaxy TT made its debut. Relying on extreme energy efficiency and handling performance, this coupe set two Guinness World Records: "Lowest energy consumption for driving a mass-produced pure electric sedan around Qinghai Lake" and "Longest continuous dual-car drift on wet roads".

Low energy consumption and strong handling are often difficult to achieve simultaneously in the electric vehicle era, why can Galaxy TT achieve it?

The answer lies in its "power heart".

Providing core power for Geely Galaxy TT is exactly the protagonist of this press conference: Thunder 16-in-1 Smart Electric Drive. This system achieves deep cross-domain integration of 16 core hardware and functions such as motors, motor controllers, gearboxes, etc., and the whole system weighs only 75kg.

Behind the successful mass production and release of the Thunder 16-in-1 Smart Electric Drive is the deep technical accumulation of Geely's core ecosystem partner—Xingqu Technology—and the strength of the global industrial system.

As the electric drive technology ace of Geely, Xingqu Technology has been redefining the boundaries of electric drive technology:

In 2021, it pioneered self-developed 400V silicon carbide electric drive, equipped on Zeekr 001, and remains a classic benchmark for electric drive efficiency and performance; In 2024, it was the industry's first to launch ultra-high integrated 11-in-1 smart electric drive, becoming the lightest weight, smallest volume, and highest comprehensive efficiency electric drive product in the industry at that time; In 2025, it released the world's first 900V high-performance magnesium alloy coaxial dual electric drive, setting records for the highest power density and highest torque density of mass-produced magnesium alloy dual electric drive assemblies in the industry.

Xingqu Technology defining a new benchmark for global electric drive technology is not just a slogan, but a systemic capability based on a full-stack technical moat where "mass production + pre-research" advance in tandem.

At the mass production level, 900V high-voltage magnesium aluminum alloy electric drive assemblies, all-series silicon carbide motor controllers, and X-pin platform motors have been mass-produced, proving reliability and advancement in large-scale market verification; At the pre-research level, next-generation technologies such as amorphous alloy motors, three-level motor controllers, and embedded motor controllers have completed reserves, leaving sufficient "technical margin" for subsequent product iterations.

In addition, Xingqu Technology has also extended its technical map to the fields of intelligent driving and energy replenishment—the 1400 TOPS computing power ADCU Ultra intelligent driving super brain, and the HPC V4.0 liquid-cooled supercharging equipment capable of achieving 5-minute rapid energy replenishment, are providing comprehensive empowerment for the next generation of intelligent travel experiences.

Overall, Xingqu Technology's business segments cover the full-chain development from underlying software to hardware integration, deeply cultivating the new energy core power field, mainly operating pure electric and hybrid system electric drives, power supplies, and electronic products, and proactively planning multi-power scenarios such as intelligent driving, charging and energy replenishment, battery management, AI power, and low-altitude flight.

Revenue to exceed 20 billion, what supports it?

The thickness of technology must ultimately be measured by the speed of the market.

Xingqu Technology used a set of numbers to outline a growth curve that is steep to the point of being unbelievable:

2022 revenue 40 million, 2023 leaped to 600 million, 2024 broke through 1.7 billion, 2025 reached 14.8 billion directly. From 1.7 billion to breaking 10 billion, it took only 1 year, nearly 6 times annual growth, which is rare in the auto parts industry. According to predictions, in 2026, Xingqu Technology revenue will exceed 20 billion yuan.

What justifies such speed?

The first keyword is manufacturing implementation capability.

Xingqu Technology has deployed five major intelligent manufacturing bases in Wuxi, Jiaxing, Hangzhou, Ningbo, and Quzhou, adopting highly automated production lines leading both domestically and internationally, with core assembly process precision controlled at ±25 microns.

Even more amazing is its factory construction speed. Signed in Wuxi in 2022, achieving signing, breaking ground, topping out, production, and invoicing throughout the entire process in that year, running the industry record of "signing in the year, production in the year" in 352 days; 2025 Phase III project, signed in August, topped out in November, taking only 90 days.

This replicable ultra-fast implementation capability is the hardest bottom-line support for "Xingqu Speed".

In the first half of this year, the installation volume of Xingqu Technology's motor and electronic control firmly stays in the industry top 3, and technical strength ranks in the world's first echelon.

The second keyword is the full industry chain layout.

It is reported that Xingqu Technology covers the full-chain development from underlying software to hardware integration: at the core component level, motors, electronic controls, and gearboxes are all independently developed; at the assembly system level, it has the ability to integrate the full value chain of multi-in-one electric drive assemblies.

On the software side, the dual motor controller software development process has met ASPICE L3 certification, and functional safety reaches ASIL D level; On the hardware side, self-built shaft gear machining lines, SMT surface mount lines, stator-rotor lines, assembly lines and other automated production lines, realizing the self-research and self-production of key components such as shaft gears and PCBA boards.

From chips to electronic control, from software algorithms to hardware assemblies—Xingqu Technology has built a complete and independently controllable technical closed loop.

Behind this, Xingqu Technology's supply chain system also provided key support. It is reported that Xingqu Technology takes "ecosystem synergy" as its core strategy, and has built a deep cooperation network with global and local partners. Not only has it established deep cooperation with global top semiconductor and energy giants such as Infineon, Onsemi, Shell, but it has also actively built a localized supply chain ecosystem.

Global customers, why do they all stick with Xingqu?

If doing it, do global electric drive technology! This is the creed Xingqu Technology has set since its inception, and also the most concise footnote to its globalization strategy.

Speaking with hard-core technology, dealing with the world with a global layout, Xingqu Technology is turning ambition into reality.

Starting from all Geely brands, Xingqu Technology quickly opened the situation and has become the electric drive partner chosen and recognized by global top automakers together.

So, why do global customers choose Xingqu Technology one after another? The answer is simple: it can withstand the strictest tests.

Such capabilities have been repeatedly proven in cooperation with global top clients time and again.

This year, Xingqu Technology won an order from a European luxury brand client. The counterpart set out over 9,000 test indicators, among which one was particularly harsh: requiring a large SUV to achieve 107% gradeability—calculated down, the grade angle is about 47 degrees. As a reference, ordinary family sedan gradeability is usually between 15 to 20 degrees, professional off-road vehicles between 30 to 40 degrees, and mass-produced models that can reach 45 degrees are extremely rare.

Xingqu Technology achieved it.

It is precisely this ability to "dare to take the hardest questions and submit the best answer sheets" that made Xingqu Technology gain the trust of global top automakers within a few short years.

Currently, Xingqu has smoothly entered the supply chain system of Volvo, Polestar, Renault, Jaguar Land Rover and other global well-known vehicle plants, and multiple deep cooperation projects are being steadily promoted. It is understood that Xingqu Technology has signed 30 billion overseas orders, and the export in 2026 is expected to increase by 100%.

Behind the orders is a global layout map that is becoming more and more perfect. Currently, Xingqu Technology has established R&D and after-sales service centers in Gothenburg, Sweden and many places around the world, with Chinese and European teams relaying cooperation, possessing the ability to respond in time serving global clients 24 hours.

As early as its inception, Xingqu Technology has established a top-notch R&D and project management team in Europe, and the current scale has approached nearly 100 people.

To overcome the natural barriers of time difference, language, and culture, Xingqu Technology independently developed the "World Tree" cloud collaborative development platform, through which Chinese and European teams completed the deep collaborative development of software, hardware, and algorithms in the cloud.

It is worth noting that the globalization of Xingqu Technology is also accelerating. According to public reports, Xingqu Technology's first overseas factory located in Malaysia will be put into production in 2026, becoming a bridgehead radiating the Southeast Asian market.

Conclusion:

In the new energy vehicle era, the power core has switched from internal combustion engines to electric drives, and in this global competition, China is already running at the very front.

The original industrial logic is being rewritten by enterprises such as Xingqu Technology.

When a Chinese electric drive enterprise established only 5 years ago, uses a combination punch of technical depth, manufacturing speed, and global vision, to complete the road of traditional giants for decades, it proves one thing: the power structure of the global automotive supply chain is being reshaped.

On the electric drive track, as the invisible champion of the Chinese automotive industry chain breaking out upward, Xingqu Technology has the strength to become the next "CATL".

(All images in this article are from Geely)