Zhuoyu Technology raised 2 billion yuan in pre-IPO funding and plans to list on the Hong Kong Stock Exchange this year.

Zhuoyu Technology is currently pursuing a pre-IPO financing round of 2 billion yuan, valuing the company at approximately 12.5 billion yuan, and plans to list on the Hong Kong Stock Exchange later this year. This financing will provide Zhuoyu with more financial support to cope with the increasingly fierce competition in the high-end intelligent driving market.