Yuanrong Qixing received US$100 million in Series C financing from Great Wall Motor Group

Intelligent driving solution provider Yuanrong Qixing recently completed a $100 million Series C financing, exclusively invested by China's leading Great Wall Motor Group. Yuanrong Qixing has completed five rounds of financing so far, with a total financing of more than $500 million. The company currently has about 700 employees and mainly provides end-to-end assisted driving solutions. In the first quarter of this year, Yuanrong Qixing became a supplier of Great Wall Motors. In addition, Yuanrong Qixing also provides the NOA function for the smart elf #5 under the joint venture brand of Geely and Mercedes-Benz.