Shulou(Shulou.com)11/24 Report--

CTOnews.com September 24 news, recently, the main body of Jishi Automobile Shanghai Luoke Intelligent Technology Co., Ltd. won Weiqiao Venture Group 1 billion US dollars (CTOnews.com Note: current about 7.3 billion yuan) strategic investment. The funds are planned for all-aluminum body research and development, integrated die-casting technology and short-process intelligent manufacturing plant projects. On the same day, the first store and delivery center of Polar Stone Motor officially opened.

Polar Stone Automobile is a new energy vehicle brand jointly created by Luoke Intelligence and BAIC Manufacturing. Luoke Intelligence is responsible for providing intelligent solutions and design, and BAIC Manufacturing is responsible for production landing. Luo Ke Intelligence was founded in January 2021, with a registered capital of 1 billion yuan and the chairman of Changjing. Changjing also has another identity, chairman and director of Stone Technology. However, Luo Ke Intelligence has nothing to do with Stone Technology, which means that Polar Stone Automobile is a car-building project invested by Changjing personally.

According to the plan, Jishi Automobile will accelerate its layout with the support of Weiqiao Entrepreneurship Group, and open dozens of experience exhibition halls, delivery centers and service centers in many cities across the country by the end of this year. At the same time, 62 authorized sheet spray service centers will be built in 55 cities.

In August this year, Jishi 01, the first model of Polar Stone, was officially launched. the new model is available in 6-seat and 7-seat versions, priced at 35.99 and 349900, respectively, and is expected to be delivered in November.

Since its establishment, Jishi Motor has been favored by a number of well-known institutions, and Luo Ke Intelligence received its first round of financing only three months later, with a post-investment valuation of $240 million. In April this year, the company completed about US $200 million in D-round financing, with a project valuation of US $2 billion, led by US hedge funds Coatue, Sequoia Capital, IDG Capital and other institutions.

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