Shanghai Zhencheng Microelectronics Technology Co., Ltd. announced that it has received CNY 60 million in funding from Jiangsu Nanfang Bearing Co.,Ltd.

Jiangsu NanFang Precision Co Ltd is a China-based company principally engaged in the production and sales of precision bearings. The Company's main business includes the research and development, manufacturing and sales of a variety of precision component products such as needle roller bearings, overrunning clutches, one-way pulley assemblies and mechanical components. The Company's products can be used in fuel passenger cars, motorcycles, new energy vehicles, commercial vehicles, industrial robots, reducers and other fields. The Company distributes its products within the domestic market and to overseas markets.