Qingdao Sifang SRI Intellectual Technology Co. Ltd. announced that it has received hundreds of millions of yuan in Series B led by new investors SAIC Motor Corporation Limited and Shanghai Shangqi Investment Management Partnership Enterprise (Limited Partnership) on February 29, 2024. The transaction included participation from new investors CDH Investment Management Company Limited, China Merchants Venture Investment Management Co., Ltd.,Shanghai GP Capital Co., Ltd., Beijing Xinding Rongsheng Capital Management Co., Ltd., Tsinghua Holdings Capital, Sinovation Ventures (Beijing) Enterprise Management Limited, Qingchuang Investment & Management Co., Ltd., returning investors Oceanpine Capital Limited, Qingdao Haiaoxinke Private Equity Investment Fund Partnership Enterprise (L.P.), a fund managed by Qingdao Aucma Equity Investment Management Co., Ltd., Qingdao Tongge Venture Capital Management Co., Ltd., Qingdao Xinxin Venture Capital Management Co., Ltd. and Guangdong Hengchuang Private Equity Fund Management Co., Ltd.