Zhixing Technology’s Financing History

In 2017, Zhixing Technology raised 10 million yuan in the angel round, with a valuation of 50 million yuan. Investors included CHJ Automotive (Liang Auto) and Mingshi Capital. In June 2018, the A round raised nearly 100 million yuan, with a valuation of 300 million yuan. Investors included Guozhong Venture Capital, Yuanhe Yuandian, and Mingshi Capital. In July 2020, the B1 round raised nearly 100 million yuan, with a valuation of 500 million yuan. Investors included CCB Suzhou Science and Technology Innovation Fund, Heyu No. 1, Li Auto, Mingshi Capital, and Guozhong Venture Capital. In September 2021, the C round raised several hundred million yuan, with a valuation of 1.5 billion yuan. Investors included the National Mixed-ownership Reform Fund, Huaqiang Venture Capital, and Yongxin Ark. In March 2022, the C+ round raised 100 million yuan, with a valuation of 2.5 billion yuan. Investors included iFlytek Venture Capital, China Merchants Group, Suzhou Industrial Park Science and Technology Innovation Fund, and Yafeng Capital. In August 2022, strategic investment was made, with a valuation of 3.5 billion yuan, and investors included HL Klemove.