Zhitu Technology has completed financing of over 100 million yuan

Zhitu Technology has completed financing of over 100 million yuan, which is the first financing since its establishment in 2019. This round of financing was led by the national team, and investors included Bank of China Group Investment Co., Ltd., China Academy of Science and Technology Development, Gome Capital and other institutions. The specific amount of financing and post-investment valuation have not been disclosed. In July this year, the first J7 L3 super truck jointly produced by the two parties rolled off the assembly line in small batches, and Zhitu Technology also became the first company in China to achieve the delivery of L3-level autonomous driving system products, and it is expected to sell 300 units within the year. There are 2 L4-level sanitation vehicles in commercial operation in Xiangcheng District, Suzhou, with a cumulative mileage of more than 60,000 kilometers. At the same time, container trucks at the port have also been put into use in batches, with a cumulative mileage of 150,000 kilometers so far, and more than 20,000 containers have been loaded and unloaded. As of the end of September 2021, nearly 1 million kilometers of real vehicle road tests have been completed on highways, and the mileage of three highs (high temperature, plateau, and high cold), mountainous areas, and combined simulation tests has exceeded 10 million kilometers.