# A+ financing

China’s Changfei Advances Raises >¥1bn to Back Domestic Silicon‑Carbide Push

Changfei Advanced has raised over ¥1 billion in an A+ round led by provincial and industry funds to expand its silicon‑carbide power‑semiconductor capabilities across the value chain. The financing reflects strategic backing from both public capital and an automaker‑linked fund, underscoring China’s push to localise a critical EV and renewable‑energy component.