Beijing Hongrui Automobile Technology Co., Ltd. has completed tens of millions of RMB A+ round of financing, and this round is exclusively funded by Huaying Industrial Fund. In June 2017, Hongrui Automobile was awarded RMB 20 million A round of financing by Langmafeng Venture Capital.

Hongrui Automobile was established in May 2010. Its main business is the research and development and manufacture of electric vehicles. It owns KINGCAR series, A series and H series models. The company is a state-level high-tech enterprise, Zhongguancun high-tech enterprise, Beijing patent pilot unit, Beijing-level enterprise technology research and development institution, with the positive research and development capabilities of electric vehicle, chassis and power transmission system. At this stage, Hongrui Automobile has completed the research and development of core technologies for the body, power transmission system (motor, gearbox, drive axle), new front suspension rear suspension, electronic control, lithium battery pack technology. 

Up to now, Hongrui Automobile has obtained 81 national patents, including 6 invention patents, 50 utility model patents and 25 design patents; 6 patents still under review,includes 5 invention patents and 1 design patent.