CoreEngine Technology Completes B Round of Financing of Hundreds of Millions of Yuan

Xinqing Technology completed hundreds of millions of yuan in Series B financing, led by the China State-owned Enterprise Structural Adjustment Fund Phase II Fund, followed by Cornerstone Capital and others. The financing will be used to expand the mass production and supply of the 7-nanometer car-grade chip "Dragon Eagle One" and promote high-end smart cockpits and cabin-parking integrated solutions. In addition, the new high-end smart driving product AD1000 will be tested and verified in all scenarios.