January 29, 2023

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Hong Jing Force, an self reliant riding answers supplier founded in China, introduced on Monday that it had finished financing of over 100 million yuan ($15.77 million), that includes unique funding from Prosperity7, a diverse undertaking capital fund beneath Saudi Aramco. In lower than 365 days, Hong Jing Force has successively finished 3 rounds of financing value a number of hundred million yuan.

Those finances are basically to be applied for product R&D, ability recruitment and capability growth. Liu Feilong, founder and CEO of Hong Jing Force, stated that computerized riding generation will lead the following technology go back and forth revolution of mankind, representing the technical commanding heights of synthetic intelligence algorithms and the combination of instrument and {hardware}, and may be some of the key spaces supported by way of Chinese language nationwide insurance policies.

Remaining yr, within the box of passenger automobiles, Hong Jing Force effectively industrially produced L2.5 complex riding help techniques according to home AI chips and 8M Extremely HD cameras, and just about 100,000 units were shipped by way of December 2021. The gadget helps greater than ten auxiliary riding purposes, akin to navigation assisted riding, clever following, entrance collision caution and adaptive cruise within the complete pace area.

All over the Guangzhou Auto Display in 2021, Hong Jing Force and JAC Motors introduced an built-in clever pilot resolution for riding and parking of primary gasoline cars within the trade. The gadget is provided with AI chips, clever cameras and millimeter wave radars made in China, which gives environment friendly computing energy and powerful belief talent, finishing the generation through which fuel-based cars didn’t have prime revel in intelligence.

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Within the box of clever heavy vans, Hong Jing Force formally launched the HyperTruck One, a L3 virtual logistics clever heavy truck. This product is provided with greater than ten self reliant riding purposes for line-haul transportation eventualities, seeking to scale back driving force fatigue and hard work prices, and on the similar time toughen protection and the riding revel in.