According to AIbase, neueHCT, a joint venture established by Horizon and OEM Group (formerly the automotive division of Continental AG), recently announced the completion of a $200 million funding round. This round was jointly invested by multiple leading industry capital and market-oriented funds, including Yunchufeng Fund, Dacheng (Dacheng Capital, Guochen Venture Capital), Hun Dun Investment, Bi Hong Investment, and Ningbo Tongshang Fund. At the same time, strategic shareholders OEM Group and Horizon also added additional investments, showing strong confidence in the company's global layout in the intelligent driving field.
neueHCT, leveraging Horizon's leading capabilities in end-to-end intelligent assistance driving technology, combined with OEM Group's deep global supply chain and industry resources, has quickly secured multiple mainstream vehicle models in the domestic market. Dong Huaijin, Executive Director of Yunchufeng Fund, stated that neueHCT has already achieved mass production breakthroughs in overseas operations, demonstrating strong global competitiveness. With this funding, neueHCT will further accelerate the global deployment and popularization of its internationally standardized intelligent driving solutions, aiming to become a leading global intelligent driving enterprise.
