SAIC Zhiji completes Series B financing and plans to launch multiple new models

SAIC Zhiji recently announced that its Series B financing has been successfully concluded, raising a total of RMB 9.4 billion. The company plans to use the funds to increase research and development efforts in key technologies such as digital chassis, wire-controlled steering, and intelligent driving, and accelerate the launch of new product lines. It is expected that by 2025, the company will launch two pure electric models and two extended-range models.