Proton Motors completes hundreds of millions of RMB in Series B financing to accelerate the research and development of intelligent driving technology.

Proton Automotive Technology Co., Ltd. recently completed a Series B financing round of several hundred million RMB. Investors include Shengshi Juxin, Guoxin Venture Capital, Hebei Industrial Investment, Green Era, Youda Shangrong, Private Economy Fund, Huoshui Capital, and Huitou Zhizao. This round of financing will primarily be used for the research and development of core technologies such as intelligent driving and autonomous driving, as well as supplementing working capital and expanding into global markets. Founded in April 2022, Proton Automotive is an important platform for Shaanxi Automobile Group to deepen its mixed-ownership reform and develop new energy and intelligent technologies.