On November 5, Shenzhen Yuanrong Qixing Technology Co., Ltd. (hereinafter referred to as “Yuanrong Qixing”) announced the completion of US $100 million C1 round of strategic financing, which was exclusively invested by the domestic head mainframe factory.
In the past two years, financing in the field of self-driving has become very difficult.
Yuanrong Qixing can obtain non-government funds, especially in the current environment, which shows that the company’s technical strength and engineering capabilities have been deeply recognized by the automotive industry chain.
” According to Zhou Guang, CEO of Yuanrong Qixing, this round of financing not only provides a new starting point for Yuanrong Qixing itself, but also brings new confidence and power to the entire self-driving industry, which is of positive significance.
, it is reported that this round of financing will be used to consolidate domestic mass production projects, expand overseas business, and provide financial support for exploring cutting-edge technologies such as the commercial operation of Robotaxi and the layout of VLA models.
“I believe that in the era of general artificial intelligence, AI will become the infrastructure, and I firmly believe that Yuanrong will be a major player in the era of AI 3.0.” Zhou Guang said.
To jointly promote the mass production cooperation of more than a dozen models, Yuanrong Qixing was founded by Zhou Guangsuo, a basic science graduate from Tsinghua University, since its establishment in 2019.
He is also one of the co-founders of Roadstar.
ai, a L4 self-driving company.
The company initially focused on L4-level autopilot technology, focusing on unmanned taxi services.
In early 2020, Yuanrong Qixing adjusted its strategic direction, began to develop mass-produced intelligent driving solutions for the front-loading market, and successfully launched the industry’s first high-level intelligent driving solution without high-precision maps in 2023.
, although Zhou Guang did not disclose which mainframe factory is the investor this time, many reports show that the investor this time is Great Wall Motor.
At present, Yuanrong Qixing has completed five rounds of financing, with a cumulative financing amount of more than 500 million US dollars.
Shareholders include Fosun Ruizheng, Yunqi Capital, Alibaba, Yaotu Capital and Dongfeng assets.
Relying on end-to-end driving assistance, Yuanrong Qixing became a supplier to the Great Wall in the first quarter of this year.
It is understood that the New Blue Mountain of the Great Wall (parameters | inquiry) released in August this year has been equipped with the smart driving scheme provided by Yuan Rong.
at present, the New Blue Mountain has supported urban pilot-assisted driving in nine cities, including Baoding, Shijiazhuang, Wuhan, Guangzhou, Zhengzhou and Xi’an, that is, the so-called “urban NOA” function in the industry.
, Blue Mountain, at present, Yuanrong Qixing has successfully deployed end-to-end models and reached cooperation with a number of mainstream car companies to jointly promote the mass production cooperation of more than 10 models, with a mass production of nearly 20, 000 models.
I believe this figure will be even better next year, even several times to 10 times.
” Zhou Guang said confidently, “our first car took only eight months from R & D to mass production, which is a remarkable achievement.
in the second project, due to the efficient adaptation process, good results have been achieved without a large number of modifications.
the second car will be launched to the market by the end of this year, and it is expected that the adaptation time of the new model will be further shortened to 3 to 4 months in the future.
Yuanrong Qixing is confident that it will achieve a larger market share in the future and put more vehicles carrying its AI system on the road.
” , 
, it is understood that Geely and Mercedes-Benz joint venture brand Smart smart genie # 5 (listed in October) also uses the map-free urban NOA function provided by Yuanrong Qixing.
It is expected that by the end of this year, three models equipped with Yuanrong Qixing intelligent driving system will be introduced to the consumer market.
At the same time, Yuanrong Qixing will make use of its mass production experience in China to enable overseas car companies to develop their business.
, 
, smart Wizard # 5, it is worth mentioning that Yuanrong’s VLA model will be based on Nvidia’s next generation intelligent driving computing platform Thor, and is expected to be released in 2025, when Yuanrong will become one of the first companies in the industry to use Thor.
Through the VLA model, the intelligent driving system has a higher-level thinking ability and can understand complex interactive events, hidden semantic information and logical reasoning in traffic scenes.
At the same time, Yuanrong Qixing is exploring a new commercial route– based on the end-to-end model, to realize the large-scale operation of Robotaxi.
Different from the traditional Robotaxi, Yuanrong’s Robotaxi is not restricted by the operating area, has more advantages in time cost and economic cost, and helps to popularize the market and speed up the landing process of Robotaxi.
Zhou Guang clarified some industry misunderstandings about the deployment and market positioning of Robotaxi.
“six months ago, I mentioned the problems with L4 autopilot, and many people mistakenly thought it was a question of Robotaxi.
In fact, L4 and Robotaxi are two completely different concepts.
, in Zhou Guang’s view, Robotaxi refers to a business model that uses autopilot technology to provide taxi services.
It does not involve a specific technical definition, but a commercial mode of operation, that is, driving vehicles through robots to provide travel services.
L4 refers to a technical path that relies on modular technology and high-precision maps to achieve self-driving in a limited area.
My previous doubts about L4 were based on the technical level, not the negation of the Robotaxi business model.
In fact, I think autopilot technology based on AI-driven end-to-end 2.
0 architecture will bring great potential for success in the Robotaxi field.
Different from the rule-based and modular approach, this technology path can better adapt to the complex traffic environment and driving needs.
” Zhou Guang said.
, Yuanrong will use AI-driven end-to-end VLA architecture to support the operation of Robotaxi, rather than relying on the traditional model based on modularization and map delineation.
Zhou Guang believes that the latter lacks meaning in terms of commercialization.
“the unrestricted mode of operation will provide greater potential and flexibility for the commercialization of Robotaxi.
We believe that only through this innovative mode of operation can Robotaxi give full play to its commercial value.
” Zhou Guang stressed.
(Wen / auto home Peng Fei), return to the home page of the first electric network >.
