China Qianli Zhijia Acquires 100% Equity of Ronggan Technology for RMB 25.908 Million

en.Wedoany.com Reported - Qianli Zhijia, a subsidiary of Qianli Technology, acquired 100% equity of Ningbo Ronggan Technology Co., Ltd. for RMB 25.908 million. The transaction was announced on June 11.

Founded in June 2023 and headquartered in Ningbo, Zhejiang Province, Ronggan Technology is a company specializing in the R&D and manufacturing of vision and millimeter-wave fusion radar technology. Its products feature vision-plus-millimeter-wave radar fusion sensors, leveraging AI algorithms to deliver point cloud output comparable to LiDAR effects.

This acquisition aims to build a full-stack intelligent driving solution covering L2 to L4 levels, strengthening the company's core competitiveness in the intelligent driving industry.

According to information from late May this year, the assisted driving team of Geely's Central Research Institute will be integrated into Qianli Technology. The team consists of several hundred members, some of whom have already received contract transfer notices. After this integration, the assisted driving team of Geely Research Institute will be transferred to Qianli Haohan, a joint venture between Qianli Zhijia and Zeekr.

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