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recently, yihang intelligent completed hundreds of millions of yuan in series c financing. this round of financing was jointly invested by baic industrial investment, zhejiang financial holding investment company, deqing industrial investment, and caitong capital. the participation of automobile industry funds, local state-owned industry funds and brokerage capital shows that the capital community continues to be optimistic about the high-end smart driving track for passenger cars. this round of financing will inject advantageous industrial resources into yihang intelligent, and high-smart-price ratio solutions will accelerate mass production and launch.

it is reported that in this round of financing, yihang intelligent will focus its main energy on the research and development of a new generation of high-end intelligent driving solutions. the company will focus on building the urban intelligent driving solution platform "duxing", launching the ultimate cost-effective solution based on horizon j6e, high-speed noa + city the combination of memory navigation covers most of the daily usage scenarios of consumers, promoting high-end smart driving to become standard equipment.

chen yuxing, founder and chairman of yihang intelligence, said that since its establishment, yihang has adhered to the "progressive" route and has gone through the ups and downs of the industry cycle, forming a unique cooperation model with deep mutual trust with oems. yihang intelligent relies on its capable team to reduce costs, increase efficiency, and create value in all aspects for car companies. it has formed a stable business fundamentals and has the ability to sustainably build blood.

zhejiang financial holdings investment company stated that as intelligent driving solutions evolve from l2 to l3 and l4 levels, tier 1 suppliers that can flexibly provide technology development services and have r&d advantages in mid-to-high-end chip platforms are increasingly valued by oems.