KH Automotive Technologies Co., Ltd.
孔辉科技
KH Automotive Technologies Co., Ltd. (孔辉科技) is a Chinese automotive parts supplier specializing in air suspension systems, born from a second-generation restart of a research consultancy founded by automotive engineering academician Konghui Guo in Changchun in 2007 . His son, Guo Chuan, led the pivot from technical consulting to scaled manufacturing, relocating operations to the Yangtze River Delta to access talent, capital, and supply chains .
The company became the first domestic firm to achieve mass OEM production of passenger-vehicle air suspension systems, initially supplying Li Auto's L7, L8, and L9 models after winning a supplier slot through what Guo Chuan described as a demanding qualification process that included a written "military pledge" to guarantee development timelines . By late 2023, KH Automotive was supplying nine vehicle models including Li Auto and Voyah vehicles, and had raised through Series C with Source Code Capital as a co-lead in its Series B .
In March 2026, the company announced it had entered Audi's global supply chain, receiving a nomination to develop rear air springs for two top-tier pure-electric SUVs in Audi's global lineup—a project that began with design work in September 2024 and involved shipping prototype parts to Neustadt, Bavaria by July 2025 .
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Coverage
MaHui Member KH Automotive Technologies Co., Ltd. Enters Audi Global Supply Chain, Air Suspension Rated A-Level
Konghui has taken a solid step toward its strategic international expansion.
Where Is China's Supply Chain Headed? | An Yong's World View
Going global means growing bones and tissue you never had before.
Code Brain | How CATL Became "Ning Wang": The Rise of a New Supply Chain Anchor
Code Moment | Wang Di in Conversation with KH Automotive Technologies Co., Ltd. — On Hard Tech Entrepreneurship, Investing with the Trend, and the Rise of Hard Tech
Hard-tech investing is more complex and demands a sharper market instinct — but that’s precisely what makes it compelling.
MaHui Member KH Automotive Technologies Co., Ltd. Raises Over 300 Million Yuan in Series C; Source Code Capital Co-Led Series B
Including this Series C round, KH Automotive Technologies Co., Ltd. has completed four funding rounds in total, raising nearly RMB 1 billion in aggregate.
Code Engraving | Behind the Air Suspension Boom: How KH Automotive Technologies Became an Industry Leader in Five Years
Konghui currently holds a 39.2% market share in China's air suspension market, ranking first.
Code Moment | KH Automotive Technologies Co., Ltd. Hits New Domestic Heights with 100,000th Air Spring Assembly Delivery
This marks an important milestone in Konghui's development journey, and represents significant progress for China's automotive air suspension industry.
MaHui | KH Automotive Technologies Co., Ltd. Delivers 50,000th Air Spring Assembly for Li Auto L9
Source Code Capital | Source Code Capital Honored with "Top Investors and Investment Firms Across Ten Innovation Economy Sectors" Awards
MaKe | 12-inch Silicon Wafer Leader ESWIN Material Closes Nearly RMB 4 Billion Series C Round, Source Code Capital Joins
We look forward to supporting the long-term development of core Chinese technology enterprises like ESWIN Material.
Code Moment | "Senmu Leishi" Closes New Round of Tens of Millions of RMB, Existing Shareholder Source Code Capital Continues to Double Down
A leader in intelligent design upgrades for the power electronics industry
