Furuitech and Hongjing Zhijia seek breakthroughs in the trend of intelligent vehicles

With the intelligent trend of the automotive industry, the domain control market has ushered in a group of new players, including Furuitech and Hongjing Zhijia. According to IT Orange data, the valuations of the two companies reached 13 billion yuan and 3.3 billion yuan, respectively. However, in the price war launched by car companies, they are facing pressure on the capital chain. For example, Furuitech's revenue in 2023 was 500 million, with a net loss of 560 million, and it stopped paying year-end bonuses. Hongjing Zhijia lost its ideal of major customers and laid off nearly 30% of its employees.