SemiDrive Global Headquarters Settles in Beijing Economic and Technological Development Zone

CoreDrive's global headquarters has officially settled in Beijing Economic and Technological Development Zone, and has received a strategic investment of 1 billion yuan. The company's valuation has exceeded 14 billion yuan. CoreDrive has completed its B++ round of financing, with investors including Beijing Yizhuang International Industrial Investment Management Co., Ltd., Beijing Jingguorui Investment Management Co., Ltd., SAIC Jinshi, Walden International, Matrix Partners China, Lenovo Capital, Sequoia Capital, Xiangfeng Capital, China Development Bank Equipment Fund, CITIC Securities, Morningside Venture Capital, Shanghai Science and Technology Innovation, Yunhui Capital, Hechuang Capital, Jiangsu Jinshi Transportation Technology Industry Fund, Anhui Jiaokong Jinshi Investment, Guozhong Capital, Huatai Insurance, etc. CoreDrive has currently achieved mass production and shipment of nearly 6 million automotive-grade chips, with more than 70 mass-produced models. Since its establishment, CoreDrive has completed 7 rounds of financing with a financing amount of more than 3.5 billion yuan, attracting the attention of many state-owned assets, market-oriented leading institutions and well-known industrial capital.