Yijing Technology Completes Pre-C Round of Financing of Hundreds of Millions of Yuan

On January 10, 2022, Yijing Technology announced the completion of a Pre-C round of financing of several hundred million yuan, led by Xiaopeng Motors. It will promote the development of automotive-grade MEMS lidar solutions. Yijing Technology has reached commercial cooperation with companies such as Inceptio Technology and JD Logistics, and is in the process of establishing a designated location with a number of passenger car OEMs.