Neolix has officially declared the successful closure of its Series D funding round, raising over US$600 million. This financing endeavor was co - led by Leapstone Capital from the UAE, along with other investors, and saw the involvement of numerous institutions. This marks the biggest private equity financing deal ever in China's autonomous driving arena.

The raised capital will be predominantly channeled into research and development (R&D) of algorithms and technologies. Since its inception in 2018, Neolix has consistently held a pioneering position in the RoboVan industry. Recently, it has reached several significant milestones. One such achievement is the delivery of over 10,000 L4 autonomous driving vehicles.

Neolix's self - developed L4 - level mapless autonomous driving technology solution has not only achieved commercial delivery but also successfully implemented the 'Neolix - VA' onboard system. Moreover, it has taken the lead in establishing the 'Global Intelligent Dispatch Hub.' The mapless technology is anticipated to be a catalyst for transformation within the autonomous driving industry.

In terms of commercial applications, Neolix has witnessed a swift expansion in vehicle deliveries. This growth has enabled it to increase its market share and penetrate multiple sectors, including the express delivery industry. It has made remarkable breakthroughs in both domestic and international markets. Industry specialists forecast that by 2025, sales of autonomous delivery vehicles will surpass 30,000 units, and the market is projected to experience exponential growth in the years ahead.