QCraft announced the completion of a C round of financing worth hundreds of millions of RMB

QCraft announced that it has completed a C round of financing of several hundred million RMB, and completed the mass production and delivery of the NOA solution for a leading new energy vehicle company in May this year, with nearly 400,000 vehicles. The financing was jointly invested by Zhongguancun Science Park Company and Cuihu Fund. The funds will be used to continuously enhance the experience of the intelligent driving functions that have been mass-produced and delivered, and to build a platform-based product system and standardized delivery process. The valuation is about 1 billion US dollars.