Huayu New Materials

Huayu New Materials, founded in May 2012 and led by founder-CEO Xuduo Yu, is a carbon fiber composites company aiming to be a leading supplier of carbon fiber powertrain components — its core lineup covers automotive-grade carbon fiber drive shafts, e-motor rotor shafts and sleeves, and composite pressure vessels, targeting EVs as well as medical devices and sports goods . Per a FreeS Capital piece, the team was first in China to crack key technologies like low-cost manufacturing and reliable bonding, and as of late 2023 it was the only domestic maker with designated-production and mass-delivery status for both carbon fiber drive shafts and e-drive rotor sleeves . Funding-wise, FreeS backed it from the angel round, a tens-of-millions Pre-A round closed in late 2022 co-invested by CASSTAR and FreeS, followed by a Pre-A+ in late 2023 from 硅港资本 and Sevening Capital (七晟基金) . Elsewhere's corpus on the company clusters around 2022–2023, so anything more recent isn't covered here.