QINGZHOU Zhihang receives joint investment of US$100 million from Chery Automobile and Luxshare Precision

QINGZHOU Zhihang recently received a joint investment of $100 million from Chery Automobile and Luxshare Precision. The funds will be mainly used to ease QINGZHOU Zhihang's tight cash flow and promote the mass production of its urban NOA solution. QINGZHOU Zhihang is fully committed to the mass production of end-to-end autonomous driving models in 2025. This technology uses a spatiotemporal joint planning algorithm and a "super alignment" safety framework to try to upgrade urban NOA to "factual L3".