Chengtai Technology Completes RMB 180 Million Series B Financing

Chengtai Technology announced the completion of a RMB 180 million Series B financing round, which was jointly invested by Songhe Capital, Shanshan Venture Capital, and Shaanxi Green Gold, and the original shareholders Yida Capital and Founder Securities continued to make additional investments. Chengtai Technology's forward radar has excellent performance and high cost performance. It has been mass-produced and shipped in many models, and is expected to reach a scale of 500,000 by the end of 2021. The automated factory under construction was officially put into production in Q2 2021. The new production line supports fully unmanned automated production of the fifth-generation radar, with an annual production capacity of one million. At the same time, Chengtai Technology has also become a gold partner of NXP Semiconductors (NXP), and a partner and supplier of industry customers such as Huawei and Dahua.