iMotion to use new funding for improving R&D capability, overseas businesses

Beijing (Gasgoo)- On February 12, autonomous driving tech company iMotion Technology announced a new round of financing valued at over 200 million yuan, primarily aimed at enhancing its research and development capabilities.

Photo credit: iMotion

These include advancements in AI-based advanced intelligent driving, integrated cockpit solutions and products, upgrading and optimizing R&D and production facilities, and further expanding into overseas markets.

Previously on February 9, iMotion issued a statement on the Hong Kong stock market that it planned to raise approximately 228 million HKD by issuing up to 11,190,200 new H-shares at a price of 20.88 HKD per share.

The recent breakthroughs in AI field have brought unprecedented opportunities to the autonomous driving industry. End-to-end large model technologies not only improve R&D efficiency but also introduce computing power deflation, reducing technical costs. In this context, as a provider of mass-produced autonomous driving solutions, iMotion is efficiently advancing the upgrade of its AI large model-based intelligent driving R&D capabilities.

iMotion aims to strengthen its R&D and manufacturing capabilities by increasing investments in AI algorithms, large models, big data, multimodal fusion, intelligent real-time decision-making systems, and other AI-driven autonomous driving-related fields. The company also seeks to attract top talent, explore collaboration opportunities with leading AI companies, and enhance future competitiveness. Additionally, iMotion plans to leverage its existing R&D and AI technologies to explore business opportunities in the robotics field.

Currently, iMotion m is not only applying large model technologies at the model level but also focusing on data auto-labeling algorithms, data generation based on diffusion models, and data mining based on multimodal large models. The goal is to produce data at a lower cost, ensuring quality and quantity to meet the end-to-end large model data requirements.

With continuous advancements in technology and mass production capabilities, iMotion Technology plans to simultaneously expand in domestic and international markets. In overseas markets, the company aims to support Chinese automakers in going global and will explore more collaboration opportunities with overseas companies.