Nanjing SemiDrive Technology Ltd. announced that it has received nearly CNY 1,000,000,000 in a round of funding co-led by new investors, Shanghai Providence Capital LP and China V Fund Management Co., Ltd. on July 26, 2021. The transaction also included participation from Shanghai STVC Group, new investors, BOC International (China) Limited, Investment Arm, Shanghai Sci-Tech Innovation Center Capital Co Ltd and Shanghai Zhangjiang Haoheng Innovation Equity Investment Management Co., Ltd., returning investors, Jingwei Venture Capital (Beijing) Investment Management Consulting Co., Ltd., CTC Capital, Vertex Ventures China, Contemporary Amperex Technology Co., Limited through Chendao Capital.