Holomatic nabs hundreds of millions yuan from GAC Group, cooperated models coming in 2022

Beijing (Gasgoo)- China’s autonomous driving company, Holomatic, has recently received hundreds of millions of yuan from GAC Capital as an exclusive strategic investment.

Photo credit: Holomatic

The fundings will accelerate their autonomous driving technology iteration and production progress, lowering the production cost.

Holomatic and GAC Group have a prolonged relationship. Their co-developed L2++ ADAS functions, including automated valet parking and memory parking, have achieved periodical results. According to their schedule, the Holomatic autonomous driving system-powered GAC models will hit the market starting 2022.

Holomatic is one of the autonomous driving companies that hold full-stack R&D capabilities, from AI algorithms to embedded systems, big data closed-loop to system iteration. The company’s technologies revolve around driving and parking scenarios and progress into all-scenario fully autonomous driving solutions.

Currently, Holomatic’s autonomous driving solutions have realized full-stack self-control and achieved substantial progress in mass production. The products are in the pre-delivery phase. 

According to the founder and CEO of Holomatic, Ni Kai, the company’s integrated solutions will be implemented to GAC Group’s entire model lineup, helping the automaker in its intelligent transformation. 

Notably, GAC Group has been actively forming its own automotive intelligence ecosystem through investments via GAC Capital. The auto group has laid out in multiple intelligent connected vehicle research fields, intelligent cockpit, V2X technologies, perception cloud, autonomous driving chips, middleware, and LiDAR chips.