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Story

XHEART raises strategic round with Renault, Chery and ChangXin Technology

AI summary

Citing multiple industry sources, 36Kr reported that physical-AI chip company XHEART has closed a strategic funding round, with Renault Group investing for the first time, Chery Automobile increasing its stake and ChangXin Technology also participating. The company, less than three years old, has now raised roughly 5 billion yuan in total, according to the report. Its main product, the X7, is a driving-assistance chip aimed at advanced urban assisted driving and L3/L4 autonomous driving, and is already used in some versions of the SAIC Volkswagen ID.ERA 9X and MG07, with the presale Roewe Jiayue 07 also confirmed to adopt it.

In-depth insight

The report notes that as large models are deployed in vehicles, memory bandwidth, power consumption and supply stability are key factors for mass-producing driver-assistance systems, and XHEART says bringing in ChangXin Technology could offer advantages in memory pricing and supply.

#XHEART#XHEART X7#Renault Group#Chery Automobile#ChangXin Technology#Momenta#SAIC Volkswagen#Roewe

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