BDStar increases investment in TruePoint Technologies to support implementation of “Cloud + Chip” strategy

BDStar recently approved a 270 million yuan capital increase plan for its subsidiary TruePoint Technology, aiming to strengthen its GNSS data cloud service business and advance its "cloud + chip" strategy. Since its establishment in 2020, TruePoint Technology has been focusing on providing high-precision GNSS data services, bringing accurate, fast, stable and high-quality location data services and high-precision positioning experience to global users. This capital increase will help consolidate TruePoint Technology's leadership in the field of high-precision GNSS, while meeting the growing demand for high-precision navigation in industries such as surveying and mapping, intelligent driving, and drones.