Liufen Technology received RMB 620 million in Series B financing to promote the development and application of high-precision positioning technology

Recently, Liufen Technology completed a RMB 620 million Series B financing, which was jointly invested by Tus-Yulin, Huakong Fund, CDH Investments, Oriza, Yufu Capital, Haihe Yingbai, Xinding Capital, CITIC Wealth Management, Yihua Capital, and Hongsong IoT. In addition, existing investors Ding and Gaoda made further investments. This round of financing will be used to increase investment in technology research and development and promote the application of high-precision positioning technology in related industries such as automobiles. Liufen Technology has established strategic partnerships with many mainstream car manufacturers and Tier 1 manufacturers such as Inceptio Technology to jointly promote the mass production and listing of intelligent driving vehicles.