Following the completion of the B round of financing of more than 600 million yuan last year, Hongjing Zhijia has recently received new financing news.
On September 20, Hongjing Intelligent Driving announced the completion of hundreds of millions of yuan in C1 round of financing, marking that Hongjing Intelligent Driving's mass production strength and innovation ability in the field of autonomous driving have been highly recognized by the capital market.
This round of financing was jointly invested by Quzhou Zhisheng Industrial Investment, Prosperity7, Zhongtai Renhe and Walden International, among which Prosperity7 and Walden International followed as the old shareholders of Hongjing Zhijia, fully demonstrating their confidence in the future development of Hongjing Zhijia.
Since its establishment in 2018, Hongjing Intelligent Driving has been committed to becoming a global leader in intelligent driving technology, aiming to provide safer, more efficient and more comfortable intelligent transportation solutions for global users.
Today, the company has a fully self-developed automotive-grade autonomous driving computing platform, full-stack software algorithms, and complete system integration capabilities, which can empower L1-L4 autonomous driving in the whole cycle.
The success of this financing not only injected strong financial support into it, but also provided a broad space for subsequent strategic layout, market expansion and technology research and development.
For example, in terms of intelligent driving, Hongjing Intelligent Driving has both the design, development and production of intelligent driving hardware, as well as the development and integration of intelligent driving algorithms, and the mass production capabilities, which can help car companies realize ADAS functions, L2+ intelligent driving and automatic parking functions.
At present, its intelligent driving solutions have more than one million orders in hand, and have served mainstream brand car companies at home and abroad, such as BYD, JAC, SAIC, Hezhong, and Smart. For parking scenarios, Hongjing Intelligent Driving has developed a new generation of parking software algorithm architecture (APA 2.0), which has been mass-produced and supplied to a number of main sales models of China's leading new energy vehicle companies since July 2023.
Following the trend of cross-domain integration of the electronic and electrical architecture of the whole vehicle, the "cabin and parking integration" solution created by Hongjing Intelligent Driving and Xinqing Technology has also officially completed the actual vehicle verification.
It is reported that the solution uses a single self-developed "Longying No. 1" intelligent cockpit chip as the main computing unit, and the cockpit domain control and parking domain control are combined into one, and is equipped with a new generation of parking algorithm developed by Hongjing Intelligent Driving, the whole solution can support rich daily parking scenarios, and at the same time support full-featured intelligent cockpit interaction, and can save 700-1200 yuan compared with traditional solutions.
In the future, Hongjing Intelligent Driving will also increase the research and development of cutting-edge technologies such as BEV perception algorithms and cabin driving and parking integration, develop the next generation of ADAS advanced assisted driving systems, enhance the competitiveness of products, accelerate the mass production of intelligent driving solutions, empower the intelligent transportation industry with science and technology, and promote the development of the industry in a more intelligent and automated direction.
It is worth mentioning that the "second growth curve" of Hongjing Intelligent Driving has in-depth cooperation with heavy truck car companies to manufacture and deliver new energy power intelligent heavy trucks for the global market.
It is understood that its latest generation of all-in-one IPM 3.0 products have been applied to L4 autonomous trucks; The domain controller has been updated from HDC1.0 to HDC4.0, and the latest HDC4.0 can achieve higher computing power and more sensor interfaces to meet the requirements of L4 scenarios.
Specific to the application practice of closed parks such as ports and mining areas, Hongjing has developed an autonomous driving solution that integrates software and hardware: the newly upgraded autonomous driving controller HDC4.0 has up to 500TOPS NPU computing power and 200K+ CPU computing power to ensure that it can process a large amount of sensor data; The sensor uses a combination of 4 high-definition cameras, 5 lidars, 1 4D imaging radar, and 6 ultrasonic radars to achieve all-round 360° environmental perception, ensuring that the vehicle can accurately perceive the surrounding situation in various complex environments.
According to Hongjing Zhijia, taking a large steel mill in northern China as an example, assuming the introduction of 19 Hongjing Zhijia's self-driving electric heavy trucks, the plant's labor cost can save about 16 million yuan in an eight-year life cycle, while also reducing the occurrence of safety accidents and improving production efficiency.
Hongjing Intelligent Driving said that it will rely on this financing to accelerate the layout of new energy intelligent heavy trucks in key markets around the world, including overseas cooperation with Aramco in the Middle East, Europe and other places, and promote the wide application and industrialization of intelligent driving technology. At the same time, Hongjing Intelligent Driving will also strengthen cooperation with the government and industry organizations to contribute to the construction of a more complete and efficient intelligent transportation ecosystem.
Dr. Feilong Liu, Founder and CEO of Hongjing Zhijia, said: "We are extremely honored to have our new investors Zhisheng Industrial Investment and Zhongtai Renhe join us, and we are especially grateful to our old shareholders Prosperity7 and Walden International for their continuous support, especially Prosperity7 has continued to support Hongjing Zhijia for 4 consecutive rounds. The success of this round of financing is another important milestone in the company's development history. In the next step, Hongjing Zhijia will have more projects with Saudi Aramco in the Middle East, and many new projects will be launched in China. ”
The leader of Zhisheng Industrial Investment said: "Zhisheng Industrial Investment is very honored to participate in this round of financing of Hongjing Intelligent Driving, and we have an in-depth understanding and full recognition of Hongjing Intelligent Driving's achievements in intelligent driving technology. At the same time, Quzhou, as a hot land for science and technology and innovation, will provide a superior development environment and policy support to help Hongjing Intelligent Drive accelerate its growth. ”
Aysar Tayeb, Managing Director and General Manager of Prosperity7, said: "Prosperity7 has always been committed to supporting companies with great potential in the high-tech field, and as intelligent driving technology is increasingly becoming a global focus, Hongjing Intelligent Driving, as the only autonomous driving company we have invested in China, is rapidly emerging as a leader in the industry with its leading technology and strategic vision. We firmly believe in the technical strength and market potential of Hongjing Intelligent Driving, and look forward to its further development in the field of intelligent driving. ”
Han Sen, partner of Zhongtairenhe, said: "With the vigorous development of the intelligent vehicle industry, Hongjing Intelligent Driving is showing its irreplaceable market position and technological advantages. Zhongtai Renhe has always paid attention to and supported the growth of Hongjing Zhijia, and we are full of confidence in its future development prospects. The progress of Hongjing Zhijia is not only reflected in technological innovation, but also in its keen ability to grasp market demand. We believe that Hongjing Intelligent Driving will continue to expand its influence in the field of intelligent driving and lead the industry forward. ”
With the successful injection of this round of funds, Hongjing Intelligent Driving is expected to set off a new wave in the global intelligent driving field, inject new impetus into the development of the industry, and create greater value for investors, consumers and society.