Great Wall Motors' Haomo Zhixing received hundreds of millions of yuan in financing in the first round and will achieve autonomous driving step by step

Great Wall Motors Momentum Intelligent Driving Technology Co., Ltd. announced today that it has officially completed its Pre-A round of financing. It is reported that this round of financing was led by Shougang Fund, followed by Meituan and Hillhouse Capital. In today's hot new energy vehicles and autonomous driving concepts, industry financing news is frequently reported, but it is still very rare for the first round of financing to be several hundred million yuan.

Momenta is the intelligent driving division of Great Wall Motors and has been operating independently for just over a year. However, thanks to a core team that brings together a large number of Great Wall technical talents and Internet and artificial intelligence experts, Momenta's business scope has already included passenger car autonomous driving systems and enterprise logistics vehicle autonomous driving solutions, forming a dual product line strategy.

Unlike the "one-step" autonomous driving route represented by Waymo, and the autonomous driving route of independent development, production and sales by electric car companies represented by Tesla, Great Wall Motor's Momenta will adopt a steady and solid strategy to achieve a leap in autonomous driving technology step by step, relying on its own advantages in industrial chain collaboration, quality management, and autonomous driving data volume, and relying on its inherent advantages in being tied to the OEMs.

It is reported that Haomo.com will officially release its product for passenger car autonomous driving this year, the Little Magic Box, which is equipped with mass-produced laser radar and has NOH capability. It will be the first product in China to reach L3 level capability. In addition, Haomo.com's products for low-speed unmanned vehicles, the Little Magic Disk and Little Magic Camel, have already started operating in multiple scenarios.

As an important force among domestic independent automobile companies, Great Wall Motors has not fallen behind in the tide of automobile electrification and intelligence. Instead, it has seized the opportunity by relying on its own advantages in an era when new forces are rising, providing a more stable route for the development of autonomous driving, and therefore won the favor of capital.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.