CoreEngine Technology Completes Nearly RMB 1 Billion Series A Financing

Xinqing Technology completed nearly one billion yuan in Series A financing, led by Sequoia Capital, followed by Neusoft Capital, Boyuan Capital and others. This round of financing will be used to expand production scale and accelerate the research and development of car-grade, high-computing power vehicle chips. The first domestic car-grade 7nm smart cockpit chip "Longying No. 1" launched by Xinqing Technology has been successfully taped out and is expected to be mass-produced by the end of the year to compete with Qualcomm's 8155 chip. In the future, Xinqing Technology plans to launch the AD1000 chip that meets the needs of L2+ to L5 autonomous driving.