BEIJING – Yihang.AI, a Changchun, Jilin Province-based startup focused on providing autonomous driving solutions, announced on October 13 that it has signed a strategic cooperation agreement with smart EV startup CHJ Automotive in the autonomous driving field.
The first volume production SUV from CHJ Automotive will adopt an Autopilot solution jointly developed by the two companies, who will also work together to develop Level 4 autonomous driving technology based on deep learning and aim to launch China’s first L4 capable volume production vehicle.
Yihang.AI was established in August 2015 to provide OEMs with high reliability, high quality and low cost complete autonomous driving solutions. In August 2016, it received an angel investment from FutureCap, CHJ Automotive and Zhou Hang (former founder of ride hailing platform Yidao Yongche). In January 2017, it received A-series financing from MatrixPartners China and Zenity Holdings.
Chen Yuxing, founder of Yihang.AI, has a deep theoretical foundation and abundant practical experience in the autonomous driving field, and published several top journals and several invention patents. The R&D team gathers together elites from the auto industry and experts in computer vision and deep learning fields and the deep learning technology R&D applied to L4 has made a breakthrough.
The cooperation of Yihang.AI and CHJ Automotive is expected to help the two sides to quickly accumulate test mileage and relevant data to help R&D of L4 autonomous driving.