Qiangua Technology announces business contraction due to financing issues

Ding Fei, CEO of Qiangua Technology, recently sent an internal email to all employees, stating that due to many uncertainties in the financing process, the company's funds are tight and cannot support the established R&D, product, and operation plans. Therefore, the company will take a series of measures to reduce costs, including canceling the development of new models, suspending the delivery of new orders, terminating cooperation projects with OEMs, and reducing cloud service costs. In addition, the salary of all employees will be reduced to 10,000 yuan per month, and provident fund contributions will also be temporarily suspended.