Yijing Technology received RMB 70 million in A+ round of financing

Yijing Technology has obtained RMB 70 million in A+ round financing for mass production and market promotion of automotive-grade MEMS LiDAR, led by Fosun Ruizheng and Songhe Capital. With a team of nearly 80 people, Yijing Technology has signed fixed-point project agreements with leading domestic commercial vehicle, bus and trunk logistics autonomous driving companies. At the same time, the Changshu factory has invested in intensive mass production preparations, with an annual production capacity of 50,000 units in the first phase.