Yihang Intelligent completed RMB 220 million in Series B financing

Yihang Intelligent, a company under the Jingwei Group, announced the completion of a RMB 220 million Series B financing. This round of financing was led by CICC Jiacheng, followed by CICC Jiazi, and the original shareholder Jingwei China continued to follow up. Yihang focuses on the productization of autonomous driving and is the first autonomous driving startup in China to receive mass production orders from OEMs. The mass-produced model equipped with Yihang's L2.5-level autonomous driving function will be launched in June 2019, and the research and development work aimed at mass production of L4-level autonomous driving has also achieved a number of key technological breakthroughs.