CoreEngine Technology Completes Nearly RMB 500 Million A+ Round of Financing

Xinqing Technology, a leading provider of high-performance automotive-grade processor overall solutions, recently announced the completion of nearly RMB 500 million in Series A+ financing. This round of financing will be used for the mass production supply of existing mature products and the research and development, tape-out and mass production market launch of product iterations. Investment institutions participating in this round of financing include TEDA, Haier Capital, SPDB International, etc. The first 7-nanometer car-grade smart cockpit chip "Dragon Eagle One" launched by Xinqing Technology has been applied in a number of mass-produced models and is expected to begin market sales in mid-2023.