UISEE Technology Completes Financing of Over RMB 1 Billion

UISEE announced that it has completed a new round of financing with a cumulative amount of more than 1 billion yuan, and obtained strategic investment from the National Development and Reform Commission's Manufacturing Transformation and Upgrading Fund. This is the first investment of the National Development and Reform Commission's Manufacturing Transformation and Upgrading Fund in the field of autonomous driving. UISEE uses technology to help the automotive manufacturing industry and other real economies resume work and production, and has established commercial cooperation with industry leaders such as Changan Minsheng Logistics, FAW Logistics, BASF, and Dongfeng Motor to achieve large-scale business growth in 2020. Among them, the factory unmanned logistics project in cooperation with SAIC-GM-Wuling has achieved an actual operating mileage of 300,000 kilometers without safety officers, and the number of unmanned vehicles in normal operation has reached 100. Founded in February 2016, the company currently has a headquarters and R&D center in Beijing, an R&D center in Shanghai, a testing and application innovation center in Zhejiang, and branches in Shenzhen, Guangxi, Chengdu, and Zhengzhou. It has a R&D team of hundreds of people and a complete intellectual property layout.