Today, with the continuous development of the technology mobility industry, Zhixing Technology stands out in the field of autonomous driving with its excellent technical strength and excellent business model. At the GTM2023 (6th) Global Technology Mobility Conference held by Yiou Automobile, Zhixing Technology and many leading companies jointly discussed the development trend and future direction of the technology travel industry.
With the rapid progress of autonomous driving technology and the increasing improvement of the industrial chain, Zhixing Technology has successfully ranked among the forefront of China's autonomous driving field with its excellent technological innovation capabilities and market insight. This time, it won the title of "2023 Top 10 Mass Production Enterprises of Autonomous Driving Technology Innovation in China's Intelligent Electric Vehicle Industry", which fully demonstrates the leading position and excellent strength of Zhixing Technology in the field of autonomous driving.
Since its establishment, Zhixing Technology has been committed to the research and development and sales of autonomous driving domain controllers. With innovation as the core, the company constantly promotes technological progress and product upgrading, and gradually occupies an important position in the Chinese market. In just a few years, Zhixing Technology has developed into the second largest third-party autonomous driving domain controller provider in China, providing comprehensive system solutions and supporting smart cameras and autonomous driving domain controllers for many OEMs.
Zhixing Technology's performance is very impressive, and its revenue continues to grow. From 2020 to 2022, the company's revenue grew at a compound annualized rate of 4272%, which is impressive. Revenue in the first six months of 2023 increased by 51% year-on-year in the first six months of 2022 to 54.3 billion yuan. At the same time, Zhixing Technology's R&D investment has also continued to increase, from 44.1 million yuan in 2020 to 10.4 billion yuan, with a compound annualized growth rate of 536%。
With its excellent technical strength and excellent market performance, Zhixing Technology has won the recognition and trust of many well-known OEM customers. The company has obtained fixed-point cooperation letters from 15 well-known brands such as Geely Automobile, Great Wall Motor, Chery Automobile and Dongfeng Motor. The trust and recognition of Zhixing Technology by these customers fully proves the company's leading position and strength in the field of autonomous driving.
Zhixing's success comes from its keen market insight, continuous technological innovation capabilities and a steady commercialization strategy. In the future, Zhixing Technology will continue to promote the mass production application and market promotion of autonomous driving technology, and contribute to the development of the global intelligent electric vehicle industry.
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