Gasgoo Munich-On April 22, Gasgoo learned that SiEngine Technology's wholly-owned subsidiary, Qingdao SiEngine Technology Co., Ltd., has officially completed its initial construction and launched operations. This marks a significant milestone for SiEngine as it optimizes its industrial presence across China.
Image Source: SiEngine
The expansion into Qingdao was fueled by continued backing from investors. Ronghui Group, partnering with ABC Capital, established the first AIC fund in Shandong to finalize investment and landing — the Qingdao Ronghui Xinkai Qihang Private Equity Fund — creating an efficient loop between industrial investment and project execution. Additionally, Jingming Capital, a partner of Qingdao Shibei State-Owned Assets, returned to lead and increase its stake in SiEngine's latest funding round.
Since its founding in 2018, SiEngine has zeroed in on core chips for smart vehicles. It unveiled China's first 7-nanometer automotive-grade smart cockpit chip, the "Longying-1," followed by the advanced driver assistance chip, the "Xingchen-1." These launches have positioned SiEngine as one of the few domestic System-on-Chip suppliers covering full scenarios for both smart cockpits and autonomous driving.
Official data indicates the "Longying-1" topped domestic installation rankings in 2024. It held onto the lead in 2025 for domestic cockpit chips in passenger vehicles priced under 400,000 yuan. The "Xingchen-1," meanwhile, entered mass production this year.
The R&D center at SiEngine's Qingdao subsidiary is now up and running. As operations ramp up, SiEngine is better equipped to serve North China and neighboring markets. Looking ahead, the company plans to leverage the "Longying-1" and "Xingchen-1" to power sectors like smart vehicles, industrial robotics, embodied intelligence, and the low-altitude economy. The goal is to collaborate with regional partners to drive the high-quality advancement of China's semiconductor industry.
