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The CICC Porsche Fund has recently announced the conclusion of its inaugural domestic investment, joining the hundreds of millions of yuan angel round funding for ZhiJia Continental, a provider of intelligent driving systems. This funding round was spearheaded by Hillhouse Capital, with participation from Zhejiang Financial Holding Group. This investment signifies Porsche's deepening commitment to the intelligent driving sector and underscores its focus on local technological research and development. ZhiJia Continental, a joint venture between Horizon Robotics and Continental Group, specializes in intelligent driving solutions. Its product portfolio includes L2 and L2+ level assisted driving systems, notably Luna and Astra, which have successfully undergone numerous mass production launches and industry certifications.
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