China’s autonomous driving company Chuhang Technology announced the completion of its Series B financing round, along with a newly formed partnership with one of its investors, HELLA.
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Beijing (Gasgoo)- China’s autonomous driving company Chuhang Technology announced the completion of its Series B financing round, along with a newly formed partnership with one of its investors, HELLA.
Photo credit: Chuhang Technology
According to Chuhang Technology, it has raised over a hundred million yuan from HELLA and other enterprises in the round. Moreover, HELLA also inked an investment cooperation contract with Chuhang Technology to co-develop a next-generation autonomous driving perception system.
As the first Chinese millimeter-wave radar developer to work with HELLA, Chuhang Technology will dive deeply into the autonomous driving and intelligent cockpit system fields, advancing each’s positions in the autonomous driving perception and mobility markets.
Founded in Stuttgart, Germany in 2017, Chuhang Technology is dedicated to putting millimeter-wave radars to use in ADAS applications. Its various auto-grade radars have been large-scale adopted by 16 automakers on over 30 passenger and commercial vehicle models.
As one of the youngest startups to have acquired land in Shanghai, Chuhang Technology is expanding its intelligent factory by 8-12 radar production lines, reaching a designed annual production capacity of 5 million units. The upgraded factory will better serve the company’s mass-production goal.
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