Zhijia Continental completes angel round financing of hundreds of millions of yuan

Intelligent driving system supplier Zhijia Continental recently completed an angel round of financing of hundreds of millions of yuan, led by Hillhouse Capital, with participation from China International Capital Corporation Porsche and Zhejiang Financial Holdings. This is the first time that China International Capital Corporation Porsche Fund has made a move in the Chinese market since its establishment in 2024. It not only marks Porsche's deepening layout in the field of intelligent driving, but also an important measure for it to increase its investment in local technology research and development.