Smart Driving Venture Revs Up With Major Funding Injection

Shanghai - In a significant boost for China's autonomous driving sector, Zhijia Dali (neueHCT) announced today it has secured $200 million in new funding. The joint venture between AI chipmaker Horizon Robotics and automotive supplier Omway Group attracted investment from heavyweight backers including Yunchufeng Fund and Dacheng Capital.

Strategic Investors Double Down

The funding round saw existing shareholders Horizon and Omway increase their stakes substantially - a strong vote of confidence in the company's technology roadmap. "This isn't just about capital," noted industry analyst Li Wei. "When strategic investors dig deeper, it signals they see real commercial potential."

Zhijia Dali combines Horizon's cutting-edge AI chips with Omway's automotive manufacturing expertise. The partnership has already landed contracts with multiple Chinese automakers, though specific models remain confidential.

Global Ambitions Take Shape

Dong Huaijin of lead investor Yunchufeng Fund revealed the company has made surprising headway overseas: "They've quietly established production capabilities abroad that position them well against international competitors."

The fresh funds will accelerate deployment of what executives describe as "globally standardized" autonomous driving solutions. Unlike some rivals focusing solely on premium vehicles, Zhijia Dali aims for technology that scales across price points.

The Road Ahead

With this war chest, the company plans to:

• Expand R&D teams in Shanghai and Munich
• Ramp up production capacity at two new facilities
• Pursue additional automotive partnerships worldwide

The autonomous driving space remains fiercely competitive, but Zhijia Dali's hybrid approach - combining Chinese tech innovation with German automotive pedigree - gives it unique advantages as the industry moves toward mass adoption.

Key Points:

• $200M funding round led by Yunchufeng Fund and Dacheng Capital
• Existing shareholders Horizon and Omway increased investments
• Production deals secured with multiple Chinese automakers
• Overseas expansion plans accelerated by new capital