Former Bosch China executive joins Xiaomi-backed ADAS developer ZongmuTech

Beijing (Gasgoo)- On January 4th, China’s autonomous driving developer, ZongmuTech, announced that the former vice president of Bosch (China) Investment Ltd., Zhu Guangwei, has assumed the vice president position in ZongmuTech.

Zhu Guangwei; photo credit: ZongmuTech

Zhu Guangwei has a glowing resume in the automotive and investment fields. He once served as a council member of China Association of Enterprises with Foreign Investment, a standing member of China Association of Automobile Manufacturers, the vice president of Anhui Association of Enterprises with Foreign Investment and Anhui Automotive Industry Association.

According to ZongmuTech, Zhu Guangwei is also one of the reasons why Bosch’s sales performance grew continuously in China.  

As a veteran in sales and the automotive industry, Zhu Guangwei will lead ZongmuTech’s sales team to create more value in the industry, said Tang Rui, the founder, and CEO of ZongmuTech.  

ZongmuTech is dedicated to developing autonomous driving and ADAS products. The company possesses leading algorithms, comprehensive systematic design, and manufacturing capabilities.

The company completed its Series-D financing round in June, with $190 million raised. Its D3 investment round was led by Xiaomi’s Yangtze River Xiaomi Industry Fund. Notably, ZongmuTech is also in the first batch of auto-related companies Xiaomi invested in after the smartphone giant announced its foray into the automobile industry.