What’s the best business model for smart manufacturing services? BangQi, which has already closed a pre-A round of funding exceeding 100 million yuan, has the answer!
Release date:
2023-11-24 13:48
Source:

Recently, BangQi Technology closed its Pre-A funding round, securing over 100 million yuan in capital. This round was co-led by Fosun Capital and Guiyang Venture Capital, with participation from Zoyuan Capital, while Junyi Investment served as the exclusive financial advisor. Following this funding, BangQi Technology plans to ramp up its R&D efforts and expand into new markets—and has already begun preparing for the next round of financing.
This time, the company has won the "favor" of several top-tier investment firms. ” , which means Pound Flag Technology Our capabilities in the digital transformation of smart manufacturing have once again earned recognition from the capital market!
01
Viewing Smart Manufacturing with the End in Mind
Automation and intelligence without human intervention are the goals.
The Ministry of Industry and Information Technology, the National Development and Reform Commission, and six other departments recently jointly issued the "14th Five-Year Plan for Intelligent Manufacturing Development," outlining clear goals for 2025: First, significant progress in transformation and upgrading, with 70% of large-scale manufacturing enterprises having essentially achieved digitalization and networking, and more than 500 benchmark smart manufacturing plants leading industry advancements established. Second, markedly enhanced supply capabilities, with market satisfaction rates for intelligent manufacturing equipment and industrial software exceeding 70% and 50%, respectively, while fostering over 150 system solution providers known for their high expertise and strong service capabilities.
A series of favorable policies underscores the nation’s unwavering confidence in smart manufacturing, while also providing robust policy support for industry growth. Against this backdrop, bolstered by both government-backed initiatives and the sweeping digital transformation wave, China’s smart manufacturing output has been steadily climbing.

According to data from the China Business Industry Research Institute, in 2022, China's smart manufacturing output value reached… Market breaks through 3 trillion yuan , year-on-year Increased by 14.9% , China's smart manufacturing output value is expected to further grow in 2023. Increased to 3.92 trillion yuan , showcasing strong growth momentum. (Source: China Business Industry Research Institute)
Responding to the national call for smart manufacturing development, BangQi Technology stands as a pioneering force in end-to-end intelligent and digital manufacturing solutions. By keenly sensing market trends and aiming for full automation and intelligence, the company has strategically entered the new energy sector—and within just a few short years, it has successfully helped numerous leading enterprises across industries like new energy and automotive adopt comprehensive, hardware-and-software-integrated, all-scenario, end-to-end digital solutions. As a result, BangQi Technology now ranks among the industry leaders in terms of scale and deployment volume within the realm of digital transformation for smart manufacturing in the new energy sector, showcasing its robust technical expertise in driving enterprise-wide digitalization in manufacturing.
02
Standing at the forefront of the digital transformation era
Injecting powerful momentum into intelligent manufacturing
Specifically, BangQi Technology has managed to quickly stand out in a fiercely competitive market—not only due to its long-term technological expertise and robust customer base, but also thanks to its keen market insights.

In recent years, global smart manufacturing initiatives have been gaining momentum, showcasing strong growth prospects. However, as manufacturing companies increasingly seek transformation and upgrades across their industrial chains, supply networks, and value chains, the global manufacturing sector is also facing numerous challenges and obstacles on its journey toward digitalization and intelligent innovation.
Under the intense pressure to reduce costs across the entire industry chain, we're striving for maximum cost reductions and efficiency gains.
On one hand, under the intense pressure to reduce costs across the entire industry chain, every production stage is relentlessly striving for maximum efficiency, superior quality, and optimized costs. By integrating advanced smart equipment, companies are continuously enhancing their levels of automation, digitalization, and intelligence—making this approach an essential strategy for leading enterprises aiming to cut labor costs while boosting overall productivity.
Breakpoint automation is widely observed.
On the other hand, currently, the initial introduction of automation and digitalization projects in China's manufacturing sector has primarily addressed needs within isolated scenarios, lacking a unified top-level design and comprehensive planning. As a result, information silos remain severely entrenched, with no intelligent coordination between upstream and downstream processes. Consequently, manual interventions persist, while efforts to fully eliminate human involvement or automate isolated segments are still limited—leading to widespread inefficiencies. These challenges significantly hinder production rhythms, capacity utilization, and overall operational efficiency. To overcome these barriers, there is now a critical need for a platform that can break down the information silos across all stages, devices, and systems, enabling end-to-end digitalization and driving a transformative shift toward intelligent, data-driven manufacturing—ultimately helping companies reduce costs, boost productivity, and enhance quality.
Based on the industry demands and pain points outlined above, BangQi Technology has taken the lead in targeting the "golden opportunity" of digital transformation in manufacturing—and is moving with the momentum.
BangQi Technology aims for a smart, fully automated factory as its flagship scenario, achieving this by building the LDS—a digital industrial foundation tailored for unmanned factories—and developing independently controllable technologies. “Software + Hardware + Data + Algorithms” A cloud-edge-device integrated solution that meets enterprises' needs for intelligent equipment management—spanning production and after-sales services—as well as the digital and smart transformation of production lines. This comprehensive approach provides customers with robust support to reduce costs and boost efficiency across multiple layers, enabling businesses to achieve all-around digitalization across every stage and scenario, including digital factories, line-level digitization, edge-of-line automation, warehouse optimization, and unmanned operations in industrial parks.
03
Empowering the digital value of industries
Trillion-dollar market accelerates ahead
BangQi Technology leverages big data in manufacturing and logistics, edge computing, scenario-specific AI, decision-making AI, and advanced robotics control technologies as its core technical foundation. By seamlessly connecting data across equipment and systems on both the production and logistics sides, the company is reshaping business and information flows—focusing squarely on cost reduction and efficiency enhancement. Integrated into a single, comprehensive enterprise-level digital platform system for unmanned factories called LDS, BangQi Technology has built robust business and data middleware capabilities, enabling centralized, digitalized management that puts the entire factory under unified control—all from a single, powerful platform.

BangQi Technology's independently developed LDS Intelligent Manufacturing Digital Platform seamlessly integrates system bottlenecks and equipment blind spots across various industry-specific processes. It establishes comprehensive, end-to-end connectivity among all smart manufacturing and intelligent logistics nodes—encompassing diverse brands of robots, robotic arms, and other advanced equipment, as well as ERP, MES, and other information systems—while also incorporating an extensive array of sensing technologies. This unified digital platform enables holistic process integration, driving five key dimensions of digital and intelligent transformation: intelligent production collaboration, smart logistics coordination, optimized material management, efficient equipment oversight, and AI-powered decision-making support.

According to Wu Xiaoqian, founder of BangQi: In just the past few years, BangQi has leveraged its intelligent manufacturing and digital platform, LDS, to build a self-reliant and controllable system. “Software + Hardware + Data + Algorithms” A cloud-edge-device integrated solution that empowers enterprises to achieve digital, unmanned transformation and upgrade toward intelligent manufacturing.
Currently, this solution has been successfully implemented by leading companies across multiple industries, including the new energy sector and the automotive industry, covering: CATL, Ningde New Energy, EVE Energy, Svolt Energy, Envision AESC, and others 60% of our top-tier new energy clients, along with leading companies in automotive, 3PL logistics, pharmaceuticals, 3C/semiconductors, tobacco & alcohol, and other industries—including SAIC United Electronics, Joyson Electronics, SAIC Anji, Zhouming Technology, Guangzhou Pharmaceutical, Sinopharm, Foxconn, and SF DHL—represent nearly 100 of the world’s foremost, industry-leading customers. Globally, we’ve already successfully implemented over 300+ projects.
04
Digital Platform, Industry Chain Ecosystem
Moving toward unmanned and intelligent operations
In the future, who will emerge as the leader in manufacturing, driving China's manufacturing sector toward intelligent transformation? This is the core question that BangQi Technology founder Wu Xiaoqian has been pondering repeatedly.
Facing a massive, trillion-level market, BangQi Technology leverages its keen insight and innovative spirit to seize the opportunities brought about by market shifts and policy-driven initiatives. With a clear end goal in mind, the company has pioneered a new digital landscape for intelligent manufacturing through its distinctive strategic approach.
Industry Chain Ecosystem: As intelligent manufacturing continues its digital transformation, BangQi Technology will transition from an "enterprise-level ecosystem" to an "industry-level ecosystem." Centered around the LDS digital platform, BangQi Technology has established two distinct ecosystem layers: a software ecosystem and an intelligent device ecosystem.
The software ecosystem layer primarily consists of industrial software such as MES, APS, LES, QMS, WMS, and TMS. Meanwhile, the smart equipment ecosystem focuses on connecting intelligent devices across various scenarios—such as industrial robots like those from ABB and FANUC (representing the "Big Four" in manufacturing) and AGVs used in logistics. Together, these components are integrated via the LDS digital middleware system to enable seamless, end-to-end, and scenario-specific intelligent collaboration, driving enterprises toward a transformative shift toward smart, digital, and fully automated manufacturing operations.
What kind of model will enable Chinese manufacturing to become smart in the future?
Looking at the future with the end in mind, BangQi Technology’s business model is set to become even more compelling: The company will strengthen its collaborative capabilities across the industry chain by building the LDS digital platform for unmanned factories, ultimately establishing itself as the "chain leader" within the entire production ecosystem.
Meanwhile, BangQi Technology will leverage the development of a full-stack, industrial-grade aPaaS digital platform for intelligent manufacturing, providing large enterprises with a robust, one-stop software-and-hardware integrated digital and intelligent solution. Additionally, by adopting a multi-modal approach—combining SALES with aPaaS—BangQi Technology aims to drive an ecosystem of digital and intelligent synergy, enhancing collaborative efficiency across the entire industry chain, boosting overall factor productivity, and strengthening service capabilities across all scenarios. This innovative strategy will enable the digital and streamlined operation of industrial chains, offering comprehensive, integrated digital and intelligent services to mid-tier and smaller companies that may have limited investment capacity or weaker technological expertise.
Investor perspective:
As the incremental market for intelligent solutions shrinks among leading enterprises, how can a growing number of mid-sized companies overcome the barriers of high investment costs and specialized expertise to achieve the national goals outlined in the "14th Five-Year Plan for Intelligent Manufacturing Development"? Specifically, by 2025, most large-scale manufacturing enterprises are expected to have achieved digitalization and networking, with pioneering adoption of intelligent technologies among key industry leaders. By 2035, widespread digitalization and networking will be fully implemented across large-scale manufacturers, while leading companies in priority sectors will have essentially realized full-scale intelligence.
How can most Chinese enterprises reap the benefits of digitalization and intelligent technologies? BangQi’s business model and growth strategy offer their own unique answer!

Related News
Enable machines to collaborate autonomously and endow factories with thinking capabilities.
2026/01/30
Success comes with the horse, and joy fills the hall!
2026/01/29
Good news keeps coming from overseas.
2026/01/07
Pangqi remains committed to long-termism and looks forward to building the future of the industry together with you.
2026/01/02


