Industrial capital and global automakers join forces to back XHEART New Core Journey's completion of strategic round financing.

Recently, XHEART New Core Journey announced the completion of its strategic round of financing, with cumulative funding of nearly RMB 5 billion. Investors participating in the company's financing include automakers and industrial strategic investors such as SAIC, Chery, CXMT Corporation, CICC Renault, and Junsheng; investment institutions such as CDH Investments, IDG Capital, GGV Capital, NIO Capital, Shunwei Capital, Blue Lake Capital, Cathay Capital, ZhenFund, Joy Capital, Gaocheng Capital, Chentao Capital, Dingpei Group, Zhongwei China, Shuimu Alumni Fund, Zhongqing Capital, and Runzhang Venture Capital; as well as state-owned background investors such as the National Artificial Intelligence Industry Investment Fund, China Development Bank Financial, Suzhou State Investment Group, Suzhou Venture Capital, Shenzhen Capital Group, Suzhou High-Speed Rail Xincheng Capital, and Shanghai Semiconductor Industry Investment. The joint participation of industrial capital, capital related to global automakers, and investment institutions reflects recognition of XHEART's technical strength and commercialization prospects. This round of financing will mainly be used for mass production delivery and commercialization expansion of existing chip products, as well as R&D of next-generation chips. XHEART New Core Journey is committed to defining core computing power for the large-model era, providing hardware support for physical AI applications such as autonomous driving and Siasun Robot&Automation through dedicated chips designed for the needs of large models. The company is collaborating with partners such as Momenta and QNX to advance the coordination of chips, algorithms, and basic software, helping global automakers accelerate the implementation of intelligent driving technology.