On September 8, DriveTech officially announced the successful final close of the second phase of its Series E funding round, raising hundreds of millions of yuan and bringing the cumulative Series E financing total to over 600 million yuan. In this financing round, the lead investors, SDIC Innovation and SDIC Capital, further increased their stakes. Additionally, the China Internet Investment Fund, Guangzhou Industrial Investment, and Pudong Venture Capital joined as new investors, while Huachun Baoxin Fund, managed by existing shareholder Huatai Baoli Investment, also augmented its investment. The proceeds from this financing will be primarily allocated to expedite the mass production of next-generation power modules, power bricks, and electric control products. Moreover, it will streamline project deliveries for overseas clients, strengthen domestic business deployment, and facilitate global market expansion.