Text | Wei Wen
Editor｜Peng Xiaoqiu
36氪 was informed that the DC fuse manufacturer “Biaodi Electronics” received 10 million yuan in Series A financing, and Zhongyuan shares led the investment. Zhongyuan Co., Ltd. (Wuhan Zhongyuan Huadian Technology Co., Ltd.) is an A-share listed company that provides power system automation products. According to Zhang Ling, founder of Biaodi, this round of financing will be used for product production, research and development and marketing.
With the development of the new energy industry, the application scenarios of high-voltage and even ultra-high voltage have forced the demand for fuses to change. According to the calculation of the future think tank, the value of a fuse device in a new energy passenger car is estimated to be 218 yuan, and the new energy commercial The single-vehicle value of a car is usually 700-900 yuan. Compared with the traditional car market, the application of new energy has a value increase of more than 10 times. Only in the field of new energy vehicles, the fuse market is expected to reach 10 billion yuan in 2025.
A fuse is a current protection device. When the circuit is short-circuited or overloaded, the fuse cuts off the faulty circuit by extinguishing the arc. Most of the electricity used in the new energy industry is high-voltage DC circuits. Under high-voltage currents, circuit protection devices need to be stable and respond more quickly. The current market demand for circuit protection has shifted from AC fuses to DC fuses. Compared with AC fuses, new energy DC fuses have complex application environments, greater requirements for insulation resistance, and higher design difficulties. Biaodi DC fuse can be cut off within 1ms as soon as it encounters a fault, preventing circuit fires caused by collision and overcharge.
Bundy products
In the global market distribution of DC fuses, in the past, it was mostly monopolized by international manufacturers. According to statistics from Paumanok Publications Inc., as of 2019, overseas first-line brands such as Littelfuse, Bussmann, and Mersen together accounted for about 90% of the global market share. According to Zhang Ling, in the past, most of the domestic market practitioners made AC fuses, and there were relatively few manufacturers of DC devices. However, at present, new kinetic energy circuit protection scenarios such as new energy vehicles and charging piles require the use of DC fuses.
Having stable customers and having undergone long-term verification is the moat of Bundi. It is reported that automobile manufacturers have a relatively long verification cycle. After the cycle of product design, simulation and testing, and the solution is finalized, the cohesion between the two parties will be very high. Biaodi established a project team in 2015 and currently has high-speed segmentation technology, composite arc extinguishing technology and intelligent detection algorithms. At present, Biaodi has cooperated with Dongfeng Motor, SAIC-GM-Wuling, Geely and other manufacturers, and has undergone small batch trials. Biaodi expects to ship 1.3 million units this year, with 1.2 million vehicles and 100,000 charging piles.
In addition to establishing cooperation with core auto OEMs, Biaodi also participated in 5G base stations and State Grid sample delivery tests, and conducted customized cooperation with ship oil-to-electricity project suppliers to start small batch deliveries. In the future, Biaodi plans to focus on fuses, starting from the new energy vehicle industry, and gradually entering the shipping, photovoltaic, wind power, rail and other markets to become a core supplier.
In terms of team composition, the founding team of Biaodi has both electrical technology research and management experience in the new energy vehicle industry. Scientific research expert Jiang Zhuangxian is a doctor of electrical engineering at Naval Engineering University and a professor at Naval Engineering University. He has 16 years of research experience in current limiting protection technology for DC systems; General Manager Zhang Ling has 13 years of experience in enterprise management and has participated in a number of national torch programs for new energy vehicles. Rich in resources and good at integration, he has a strong ability to control the development direction of the industry; Tian Congmei, technical director, is an expert of the National Fuse Low Standard Committee, with 20 years of experience in circuit product development and manufacturing, familiar with the new energy vehicle industry, and has a strong understanding of DC fuse technology. There are in-depth research.
Investor’s View:
He Chi, general manager of Zhongyuanhui (Wuhan) Industrial Investment Co., Ltd. believes that DC fuses are core devices widely used in new energy vehicles, charging stations, photovoltaics and energy storage and other industries. Indispensable safety barrier. Under the global dual-carbon vision, the new energy market is booming. This small and beautiful industry is expected to usher in rapid growth. As the earliest and only manufacturer of new energy DC fuses in Central China, Wuhan Biaodi Electronics has been engaged in R&D and production of new energy DC fuses for nearly five years. With rapid development, we are optimistic that it will become an excellent enterprise in this field.
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Related events
- Financing丨Biaodi Electronics, a DC fuse manufacturer, received 10 million yuan in Series A financing, and Zhongyuan shares led the investment2022-06-08
- New energy vehicle core electronic parts supplier Huibeichuan received 100 million yuan in Series A financing2021-10-18
- Huawei enters the field of new energy charging and will release a DC fast charging module2020-04-16
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