Guoqi Intelligent Control Completes Pre-A Round of Financing of Over 100 Million Yuan

Recently, Guoqi Intelligent Control completed a Pre-A round of financing of over 100 million yuan. This round of financing was led by AVIC Capital and major shareholder Guoqi Intelligent Connection, followed by Jiangmen Investment, Tsinghua Research Capital, Datai Capital, and Xiaogan Zhengqi. This round of financing will be used for R&D investment and mass production development in cooperation with vehicle manufacturers. Guoqi Intelligent Control was established in July 2020. It is a scientific and technological innovation enterprise jointly invested by shareholders such as Guoqi (Beijing) Intelligent Connected Vehicle Research Institute Co., Ltd. and Beijing Yizhuang International Investment Development Co., Ltd. Guoqi Intelligent Connected Vehicle Research Institute Co., Ltd. was jointly established in 2017 by 21 companies including FAW, Dongfeng, Changan, GAC, BAIC, Yutong, and Sinotruk. The goal is to promote cross-border cooperation between Chinese local ICT companies and Chinese brand vehicles. Guoqi Intelligent Control is headquartered in Beijing Yizhuang Economic and Technological Development Zone, with R&D centers in Beijing, Shanghai and Silicon Valley. Its main business is the core of intelligent connected vehicles - technical research and product development, industrialization promotion and ecological cultivation of computing basic platforms.