BICV Completes RMB 280 Million Series A Financing

Recently, BDStar Intelligent Connected Vehicles (BICV) successfully completed a RMB 280 million Series A financing, led by CICC Capital, followed by Zhilai Capital and Houda Investment. As a leading supplier of intelligent connected vehicle products in China, BICV focuses on the research, development, production and sales of intelligent connected vehicle electronic products, and has become the TIER1 enterprise with the largest shipment volume among independent brand car companies. This round of financing will further promote the company's rapid development in the field of "Beidou + intelligent connected vehicles" and help the intelligent transformation and upgrading of the automotive industry. At present, the company has established cooperative relations with many well-known domestic and foreign automobile manufacturers, and has production bases in Chongqing and Suqian, Jiangsu.