According to Zhijia Technology, they account for more than 80% of the domestic commercial bus front-mounted ADAS market.

It is learnt that “Vision Driving Technology MAXIEYE”, a supplier of visual perception intelligent driving system products, has announced that it has obtained Shuili Group’s Series A strategic financing. The financing amount was not disclosed. The financing will be used for technology. R & D, Large-scale mass production delivery of front-loading projects.

In response to this investment, Yu Jinrui, executive general manager of Ruili Group, said that they have had close business relationships and product supply relationships with Zhijia Technology. In 2020, with the implementation of China’s commercial heavy truck ADAS regulations, the heavy truck intelligent driving market will usher in a large-scale explosion. As a commercial vehicle air brake system company, Ruili Group is doing intelligent transformation and deploying integrated intelligent driving integrated product solutions. After this industrial investment, the two sides will deepen their cooperation in technology and markets to jointly develop ADAS driver assistance product solutions and autonomous driving solutions.

Ruili Group was established in 1987. It mainly researches, develops, manufactures and sells auto parts products such as brake systems, steering systems, and electronic controls. It has already provided more than 60 products for SAIC, FAW, Dongfeng, Geely, Yutong, and BYD. Domestic automobile manufacturers provide product supporting services. Zhi Shengzhou, CEO of Zhijia Technology, told them that their IFVS series products have completed “a considerable scale of mass production and shipment” with Ruili Group.

Previously, Zhijia Technology had received two rounds of financing. The most recent round took place in 2019. The investor is Shanghai Shengyu Equity Investment Fund Management Co., Ltd., which also has an industrial fund background. In June 2017 , Zhijia Technology has announced that it has obtained tens of millions of yuan in Pre-A financing. Cheng asset and No. 1 capital jointly led the investment, Clivia followed.

Zijia Technology was established in 2016. The main products include unidirectional vision sensors, high-performance vision perception technology solutions, and ADAS based on vision perception technology / sensor fusion solutions. Assisted driving system, automatic driving system solutions, and integrated vehicle intelligent upgrade solutions such as rainfall detection, environmental brightness detection, HUD fusion control, etc.

According to Zhijia Technology, its IFVS series of intelligent forward-looking vision sensors have undergone three generations of product iterations. The latest generation product, IFVS 500, can realize high-performance environmental perception based on deep learning technology and achieve benchmarking lidar. Monocular ranging accuracy.

Zhou Shengzhen said that traditional carsThe supply chain is a bottom-up linear supply model, from Tier 2 to Tier 1 to OEM OEMs. However, smart mobility has brought a series of disruptive business models, which have changed the traditional supply chain. The cooperation forms between OEMs, suppliers and some emerging smart mobility service providers are being subdivided, crossed and coupled. And Smart Driving Technology will use Tier 1.5’s industrial chain positioning to serve mainstream commercial / passenger OEMs, Tier 1 Tier 1 companies, and new smart travel service providers such as unmanned buses and smart rail transit.

Zhou Shengchen told them that they have more than 80% market share of ADAS in domestic commercial passenger cars. A number of OEMs have signed fixed-volume production projects and joint development projects.

(The cover image is from pexels.com)

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