Another $420 million! Suzhou Xiangcheng Smart Car Network ＂Giant＂ Zhijia Technology completed a new round of financing.
Happy events, wonderful constantly!
Last night, Suzhou Xiangcheng smart car networking "giant"
Zhijia Technology announced
Complete a new round of financing totaling $420 million.
This is the day after Momenta announced
After completing the C round of financing totaling 500 million US dollars,
Xiangcheng smart car networking industry is another major event!
Zhijia Technology said that the injection of new capital will further help the global commercialization of Zhijia Technology and promote the application of mass-produced self-driving heavy trucks. At present, Zhijia Technology has established in-depth strategic cooperation with a number of heavy truck OEMs and logistics fleets.
In China, Zhijia Technology helped faw liberation, a leading commercial vehicle company, to launch a high-level self-driving heavy truck J7 L3, which will be mass-produced and listed in mid-2021; At the same time, Zhijia and China logistics giant SF Express have achieved commercial operation.
In the United States, Zhijia will also launch mass-produced self-driving products in 2021 to serve head logistics customers.
What is the basis for Zhijia Technology to obtain financing again?
Plus was founded in 2016, and its headquarters was settled in Xiangcheng, Suzhou in 2018. It has L4 full-stack automatic driving technology research and development capability, aiming to build a world-leading automatic driving heavy truck.
At present, Zhijia Technology has won the support of international leading funds and strategic parties including Jinshajiang Venture Capital, Sequoia China, Lightspeed, Manbang, Guotai Junan International, faw liberation and SAIC, and has successively reached in-depth strategic cooperation with faw liberation and Manbang Group to accelerate the commercialization of autonomous driving.
At the 2020 faw liberation Eco-Partner Conference held in September last year, faw liberation J7 L3 super truck was released.
This brand-new smart truck, led by faw liberation, assisted by Zhijia Technology and jointly built by Zhitu Technology and other partners, has been very eye-catching since it came out. Subsequently, J7 L3 completed the double warning (lane departure warning and forward collision warning) and AEB (automatic emergency braking) certification test, becoming the only self-driving heavy truck in China that has been announced and has the conditions for mass production, which greatly promoted the mass production of the liberated J7 L3 super truck.
In November last year, Zhijia Technology, as a leading autonomous driving technology company in the industry, was invited to participate in China International Import Expo(CIIE), and shared its understanding and practice of industry trends.
In fact, this financing is already the second financing obtained by Zhijia Technology since it entered 2021. Just in February this year, Zhijia Technology completed the first financing of 200 million US dollars. A total of $420 million was raised in the new round.
Liu Wanqian, co-founder and CEO of Zhijia Technology, said that with the continuous breakthrough in technology research and development and product commercialization, Zhijia Technology has always led the development of the industry. This year, Zhijia Technology will take the lead in mass production of self-driving heavy trucks.
Why is capital optimistic about autonomous driving?
During the China International Import Expo(CIIE) last year, the relevant person in charge of Zhijia Technology explained the value of autonomous driving in a live interview with People’s Daily Online: "We are entering an era of intelligent revolution. Intelligence in the field of autonomous driving is a typical application, which can bring earth-shaking changes to our lives. "
Zhang Mingtang, the partner of Fangyuan Capital and the head of the industrial group who invested in Zhijia Technology, said that autonomous driving technology will bring great changes to the transportation industry and make our world greener and safer.
In fact, the application of autonomous driving technology in life has already been shown.
During the epidemic last year, Xiangcheng launched self-driving vehicles such as unmanned indoor disinfection vehicles and unmanned delivery vehicles, which avoided the hidden danger of cross-contamination of personnel and helped the victory of the war with the power of science and technology.
Nowadays, on the streets of Suzhou High-speed Railway New Town, smart buses, smart taxis, smart sanitation vehicles and smart express vehicles are common occurrences. With cleaner energy, safer driving and more convenient services, it shows the broad future prospects of intelligent driving technology.
Not long ago, "the coordinated development of intelligent networked cars and smart cities" rose to a national strategy, and intelligent driving also ushered in a greater development opportunity.
Xiangcheng intelligent driving enterprise grows again.
In addition to Zhijia Technology, which received financing this time, two smart driving companies in Xiangcheng have also received financing recently — —
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Canoe Zhihang received tens of millions of dollars in A1 round of financing.
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Momenta completed the C round of financing totaling 500 million US dollars.
The injection of capital has injected financial living water into enterprise R&D and product mass production, and the smart car networking industry in Xiangcheng has also grown stronger due to the continuous development of these enterprises.
Up to now, Xiangcheng District has gathered 78 enterprises related to the intelligent car networking industry, cultivated a large number of intelligent driving head enterprises such as Magic Gate Tower, Zhijia Technology and Zhitu Technology, and promoted the signing of a number of head enterprises such as Mushroom Car Association and T3 Travel, which opened up a comprehensive cooperation with Geely Group, covering a series of major projects such as Cao Cao’s travel headquarters.
Smart car networking industry, Xiangcheng full of honor:
◆ Approved the first batch of vehicle networking pilot zones in Jiangsu Province and the first digital transportation demonstration zone in Jiangsu Province.
◆ In 2019, it was awarded one "unicorn" enterprise and one potential unicorn in Sunan National Independent Innovation Demonstration Zone.
◆ In 2020, it was awarded 2 "unicorn" cultivation enterprises in Suzhou.
… …
"Smart Car", "Smart Road" and "Flexible Network"
In Xiangcheng, the smart car networking industry is acting as
One of the "six new economic industries"
Develop vigorously and forge ahead courageously
The 14th Five-Year Plan of Xiangcheng was put forward.
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During the "Fourteenth Five-Year Plan" period, Xiangcheng should — —
Create the "industrial brain" of the Internet of Vehicles and make every effort to build a national-level strategic emerging industrial cluster of the Internet of Vehicles.
Establish a high-level autonomous driving technology research and development and test verification system, and build a public service platform system.
Maintain a high standard of infrastructure construction, and build an intelligent networked road of over 300 kilometers for Xiangcheng.
Realize the scale of demonstration application, create a demonstration line with continuous scenes and rich experiences, and form a regional application demonstration zone for scenes of "business commuting", "urban life" and "leisure vacation" to promote the integration and agglomeration of industrial highlands.
By 2025, no less than 300 car networking enterprises will be introduced, and more than 8,000 professionals will be gathered to realize the output value of intelligent driving related industries exceeding 50 billion yuan.
… …
This new economic track
Xiangcheng is the first step.
Opportunities will also be favored.
Look forward to the good news!
Xiangcheng District Rong Media Center Zhang Xinpei Pan Zhebin Qu Yan