The intelligent driving startup ZongMu Technology has recently faced financial turbulence, prompting founder Tang Rui to respond. He clarified that he remains actively engaged and is diligently exploring new business avenues and international funding opportunities to resolve the company's present challenges. Tang Rui candidly acknowledged that ZongMu Technology has struggled to establish a viable business model in the autonomous driving sector. He emphasized that substantial new funding is crucial for the company's recovery and noted the greater diversity of fundraising channels available overseas.

Despite three unsuccessful attempts at an IPO, hampered by macroeconomic conditions and regulatory hurdles, ZongMu Technology's core team remains resilient. Tang Rui aims to recoup losses and generate greater value through business restructuring, with a particular focus on the burgeoning Cancong Mobile Energy Solutions. Should the company navigate this crisis, Tang Rui intends to concentrate efforts on the Cancong business while strengthening financial internal controls.