On October 8, 2024, Beijing Shengjing Jiacheng Investment Fund signed an agreement with the team of Professor Yu Miao from the College of Optoelectronic Engineering at Chongqing University to inject 15 million yuan in angel funding into Maglev Technology Co., Ltd. (referred to as "Maglev Technology"), the first innovative enterprise in the southwest region dedicated to the industrialization of magnetorheological intelligent suspension technology. This milestone event not only strongly empowers the transformation of China's magnetorheological technology achievements but also adds new vitality to intelligent manufacturing and technological innovation in Chongqing.

This round of financing clearly focuses on four core areas: First, strengthening technology research and development, continuously promoting the innovation and iteration of cutting-edge technologies such as magnetorheological intelligent suspension systems and magnetorheological materials; second, expanding market layout, rapidly establishing a more comprehensive marketing service system nationwide; third, enhancing product management levels, optimizing production processes, and ensuring product quality excellence; fourth, emphasizing talent cultivation and team building to provide solid talent support for the company's sustainable development.

Established in August 2024, Magnetic Drive Technology is an outstanding representative of the automotive innovation industry and new productive forces in Chongqing, receiving strong support from Chongqing University, the Chongqing Municipal Economic and Information Commission, and Jiangjin District. As a culmination of over twenty years of research by Professor Yu Miao's team at Chongqing University, Magnetic Drive Technology has already achieved a leading position in the fields of "magnetorheological smart suspension systems" and "magnetorheological materials" in the domestic industry.

Magnetic Cheng Technology is a high-tech enterprise dedicated to the research and development of magnetorheological fluids, magnetorheological dampers, intelligent suspension systems, and precision optical vibration isolation platforms. The company aims to provide leading intelligent suspension solutions for the automotive industry, creating exceptional value through high-quality and efficient products and services. The company's original magnetorheological suspension human-simulate intelligent control algorithm (HSIC) products and controllers have been applied in collaboration with several well-known companies, demonstrating strong market competitiveness.

Professor Yu Miao, the founder of the company, stated: "We seek the extensive application of cutting-edge magnetorheological technology in the automotive and related industries, using magnetorheological technology as an innovative and robust approach to address various challenges that users face in the fields of vibration reduction and stability. We received the first prize for scientific and technological progress in Chongqing in 2020. This strategic cooperation with Shengjing Jiacheng Investment will give Magnetorheological Technology a new mission and responsibility. We are confident in our continued efforts for technological innovation, contributing more to scientific advancement and industry development."

It is reported that Magician Technology has reached long-term strategic cooperation intentions with several leading enterprises and project owners in various important fields, including new energy vehicles and precision optics, aiming to complete the deployment and trial operation of multiple pilot projects by the end of 2024.

Research institutions believe that Maglev Technology has a complete technical chain and intellectual property in the field of magnetorheological technology, covering magnetorheological materials, damping devices, control drive modules, vehicle control algorithms, and intelligent suspension system integration, demonstrating outstanding technological advantages and market competitiveness. Maglev Technology stated that with the help of Shengjing Jiacheng Investment, the company will vigorously pursue the development of magnetorheological products and market expansion, contributing to the innovation and industrial development of intelligent suspension technology for new energy vehicles in Chongqing.

Professor Yu Miao's team will take this achievement as an opportunity to further enhance research on magnetorheological damping technology and the cultivation of innovative talents, based in Chongqing, radiating across the country, and integrating globally, contributing more wisdom and strength to the "Manufacturing Power Strategy."