Horizon Robotics, PATEO invest in truck-intelligence developer Mingshang Technology

Beijing (Gasgoo)- China’s commercial vehicle intelligent driving system provider, Mingshang Technology, recently announced that it had completed a strategic investment round.

Photo credit: Mingshang Technology

According to Mingshang Technology, investors of the new round include China’s leading AI chip developer, Horizon Robotics, and top V2X service provider, PATEO.

The funds will help Mingshang Technology accelerate its business development in the intelligent commercial vehicle field. The trio will also cooperate in multiple areas, including intelligent driving, commercial vehicle domain controller, algorithms, and V2X technologies.

Founded in 2017, Mingshang Technology is dedicated to providing integrated automotive intelligence systems for global commercial vehicle manufacturers, consisting of road safety, vehicle management, intelligent driving, intelligent V2X, intelligent terminal applications.

The company has a broad selection of products, covering the intelligent cockpit, ADAS, and 360° panorama no-blind spot technology. Mingshang Technology serves major commercial vehicle makers, such as Dongfeng Trucks, Yutong Bus, BYD, Iveco, Ford, and JAC Motors.

Moreover, the company has formed stable partnerships with technology players, including NXP Semiconductors, Sony, SHARP, Aptiv, HUAWEI, Baidu, and Bosch.  

In the future, Mingshang Technology plans to enrich its automotive intelligence business. The company aims to deliver 18 million sets of commercial vehicle intelligent terminals, providing smart, digital V2X solutions for 40% of the world’s ports, mines, transportation companies, and automakers by 2025.