Huali Zhixing Completes A1 Round of Financing of Tens of Millions

Recently, the intelligent connected car company Huali Zhixing completed a round of A1 financing of tens of millions of RMB. This round of financing was jointly invested by Anhui Chuanggu Capital and Shenzhen Qianhai Great Wall Fund. It is reported that this round of financing will be used to accelerate the iterative innovation of Huali Zhixing's products, technologies and intelligent solutions, as well as to promote the company's international layout and commercialization process. Founded in August 2017, Huali Zhixing is a company that provides V2X (vehicle-road collaboration) solutions for intelligent connected vehicles and smart transportation industries. Huali Zhixing's products and solutions are mainly aimed at OEMs, road traffic integrators and operators, serving the two major fields of automobiles and transportation. Huali Zhixing has accumulated more than ten years of R&D experience in North America, and has obtained commercial orders for vehicle-road collaboration in nearly 40 cities around the world. It has achieved profitability in 2019 and 2020. In China, Huali Zhixing has deeply participated in the construction of intelligent connected pilot demonstration zone projects in Suzhou, Wuhan, Changsha and other places: cooperating with Dongfeng Motor on unmanned vehicles, signing a strategic cooperation agreement with the Traffic Management Bureau of the Wuhan Municipal Public Security Bureau, and pioneering innovative intelligent transportation information flow subscription models.