NavInfo will increase 4 billion yuan to raise funds, pointing to the 'new' era of intelligent driving

Navimap announced on the evening of February 22 that the company has completed the new non-public issuance of A shares. This non-public issuance of 320 million new shares will be issued to 16 targets. It will be issued in 2021. It was listed on the Shenzhen Stock Exchange on February 25, 2015. As of February 2, 2021, a total of RMB 4 billion has been received from investors to subscribe for 320 million new shares. The fundraising will support NavInfo to further invest in automotive electronic chips, autonomous driving maps, and cloud platforms. The technological innovation and commercialization process of other products and businesses provide the foundation for the ultimate goal of smart travel.

NavInfo focuses on automotive intelligence, and is committed to the core of autonomous driving system solutions, high-precision maps, high-precision positioning, cloud service platforms, and car-level chips used in ADAS and autonomous driving Product technology empowers the development of smart travel in the future. In order to further enhance the core competitive advantage and expand the product market share, the funds raised this time will be mainly used for the research and development of intelligent networked car chips, automatic driving map update and application development, autonomous driving exclusive cloud platform and other projects to create an era of intelligent driving' The core competence of “cloud + core”.

In the intelligent networked car chip research and development project, the raised funds will support the development and market introduction of related chip products, and promote mass production, especially large-scale SoC chips for different markets, including: smart cockpit chips, vision processing chips , Car networking chips, etc. At present, the new generation of automotive-grade high-performance intelligent cockpit chip independently developed and designed by NavInfo's AutoChips, AC8015, has been designated by many system vendors on the new platform, achieving a breakthrough in domestically-made automotive-grade large-scale SoC.

In the self-driving map update and application development project, the company will rely on its own professional collection + crowdsourcing + car factory partner data cooperation model, relying on AI capabilities and the mapping tool chain to automatically create maps in the cloud and on the terminal , Integrate ordinary navigation maps and high-precision maps to form OneMap integrated map application, create an open map ecology, and serve and expand autonomous driving application scenarios with high-quality, high-freshness, low-cost, and deliverable map products.

The autonomous driving exclusive cloud platform project is based on the company's technology and data + algorithm accumulation in the field of autonomous driving. Through this exclusive cloud, the integrated service capabilities of autonomous driving data, annotations, models, simulations, etc. will be improved to help car companies and Partners quickly develop and implement autonomous driving, and cloud platform capabilities will also become the foundation of NavInfo's new data service business model.

With the help of this fundraising, NavInfo will continue to rely on cloud + core to build solution service capabilities in the era of smart travel, and work with partners to create a safer and more reliable autonomous driving travel service ecosystem. Promote the rapid development of the smart car industry.