Xidi Zhijia completes RMB 400 million financing

Changsha Intelligent Driving Research Institute Co., Ltd. (hereinafter referred to as "Xidi Intelligent Driving") announced the completion of a financing of RMB 400 million. This round of financing was jointly led by Yuelu Zhixin and Xinding Capital, followed by Qinghao Capital, Hunan Yunfa and other institutions, and old shareholder Founder Hesheng continued to make additional investments. This is the second successful financing in a year after the completion of the A++ round of financing of over RMB 100 million in the first half of 2020. It is also the third equity investment of Founder Hesheng in Xidi Intelligent Driving. The determination of investors to accompany it for a long time further highlights its value.