Zhongguancun Technology Leasing Program provides more than RMB 1 billion in funding to TAGE Intelligent Driving

Zhongguancun Technology Leasing supports cutting-edge technology companies, including the driverless startup TAGE Intelligent Driving, through financial leasing and other means. At the Beskuduk Coal Mine of Xinjiang China Coal Group, 18 hybrid new energy driverless trucks have achieved fully autonomous operation. In order to solve the funding problem, Zhongguancun Technology Leasing introduced a third party to establish a joint venture company, purchase and hold driverless vehicles, and provide unmanned transportation services to the mining area. At present, TAGE Intelligent Driving has achieved normalized unmanned transportation in many mining areas, with a cumulative operating time of nearly 6 million hours. In the next three years, Zhongguancun Technology Leasing plans to provide more than 1 billion yuan of financial support for TAGE Intelligent Driving.