China FAW Group makes strategic investment in SiEngine Technology

Hubei Xinqing Technology has received hundreds of millions of yuan investment from China FAW to develop advanced automotive-grade high computing power chips. The two parties will cooperate to promote innovation of FAW's automobile brands in fields such as smart cockpits and autonomous driving, and promote the localization of automobile chips. Xinqing Technology has successfully launched the first 7nm domestic car-grade smart cockpit chip "Longying No. 1", which is expected to be mass-produced in the third quarter of this year. In the future, Xinqing Technology will continue to expand cooperation and promote the intelligent development of China's automobile industry.