Neolix Raises US$600+ Million in Series D Funding, Setting New Record for Private Financing of China's Autonomous Driving Industry

kAm%96 C@F?5 H2D =65 3J &pt\32D65 $E@?6'6?EFC6[ ;@:?65 3J v2@496?8 r2A:E2=[ rx%xr r2A:E2=[ rsw[ $A2C<6586 r2A:E2=[ q6:;:?8 px uF?5 2?5 @?6 @7 E96 =2C86DE :?E6C?6E A=2E7@C>D :? r9:?2] ~E96C <6J :?G6DE@CD :?4=F56 {686?5 r2A:E2=[ v2@C@?8 '6?EFC6D[ %6>A=6H2E6C[ 6E4] tI:DE:?8 324<6C *F?B: !2CE?6CD 2=D@ :?4C62D65 :ED 9@=5:?8D[ H9:=6 rJ8?FD tBF:EJ 24E65 2D E96 6I4=FD:G6 7:?2?4:2= 25G:D@C 7@C E96 EC2?D24E:@?]k^Am

kAm%9:D C@F?5 >2C<D 2 ?6H 492AE6C :? }6@=:IVD >:DD:@? E@ Q>2<6 2FE@?@>@FD G69:4=6D 2446DD:3=6 H@C=5H:56[Q F?56CD4@C:?8 DEC@?8 :?G6DE@C 4@?7:56?46 :? E96 4@>A2?JVD E649?@=@8:42= 6586 2?5 4@>>6C4:2= >@>6?EF>] }6@=:I A=2?D E@ FD6 E96 7F?5D E@ 7FCE96C :?G6DE :? 2=8@C:E9> 2?5 E649?@=@8J #U2>Ajs[ 56G6=@A ?6H AC@5F4ED 7@C 5:G6CD6 4@>>6C4:2= D46?2C:@D[ 6?92?46 :ED D6CG:46 ?6EH@C< 2?5 FD6C 6IA6C:6?46[ 2?5 7F6= :ED 8=@32= 6IA2?D:@? A=2?D]k^Am

kAm}6@=:IVD u@F?56C 2?5 rt~[ t?JF2? *F[ DE2E65 E92E E96 $6C:6D s 7F?5C2:D:?8 H:== DEC6?8E96? }6@=:IVD E649?@=@8:42= 2?5 >2C<6E =6256CD9:A :? 2FE@?@>@FD :?EC2\4:EJ =@8:DE:4D[ 2446=6C2E:?8 =2C86\D42=6 4@>>6C4:2= 56A=@J>6?E E@ >66E 8C@H:?8 5@>6DE:4 2?5 :?E6C?2E:@?2= 56>2?5] Q(6 36=:6G6 2FE@?@>@FD 56=:G6CJ :D 2 <6J A2CE @7 7FEFC6 FC32? =@8:DE:4D] }6@=:I H:== 4@?E:?F6 3F:=5:?8 2 C@3FDE 7=66E[ 25G2?4:?8 G:DF2= 2=8@C:E9>D 2?5 5:DA2E49 6?8:?6D E@ 56=:G6C D276 2?5 677:4:6?E 2FE@?@>@FD D@=FE:@?D] ~FC 8@2= :D E@ 6>A@H6C FC32? =@8:DE:4D H:E9 2FE@?@>@FD 5C:G:?8[ >2<:?8 #@3@'2?D 2 ?6H AC@5F4E:G:EJ E@@= 2?5 5C:G:?8 5:8:E2= EC2?D7@C>2E:@? :? E96 :?5FDECJ]Qk^Am

kAmkDEC@?8m{625:?8 E96 #@3@'2? x?5FDECJ x?E@ {2C86\$42=6 s6A=@J>6?Ek^DEC@?8mk^Am

kAmu@F?565 3J |C] t?JF2? *F[ }6@=:I 92D C2A:5=J 6>6C865 2D 2 8=@32= =6256C :? 2FE@?@>@FD 56=:G6CJ G69:4=6D D:?46 :ED =2F?49 :? a_`g] %96 4@>A2?J 92D 56=:G6C65 @G6C `_[___ {c #@3@'2?D[ >@C6 E92? 2?J @E96C 7:C> H@C=5H:56[ 2?5 249:6G65 2 C64@C5\3C62<:?8 a[___ G69:4=6 56=:G6C:6D :? 2 D:?8=6 >@?E9] xED G69:4=6D 2C6 ?@H 56A=@J65 :? @G6C b__ 4:E:6D :? r9:?2[ H:E9 ":?852@ 9@DE:?8 >@C6 E92? `[a__ F?:ED] }6@=:IVD A@AF=2C )b 2?5 )e >@56=D 92G6 6249 DFCA2DD65 c[___ 56=:G6C:6D[ 56>@?DEC2E:?8 DEC@?8 >2C<6E 56>2?5]k^Am

kAm~? E96 E649?@=@8J 7C@?E[ }6@=:I 4@?E:?F6D E@ A:@?66C 3C62<E9C@F89D] xED AC@AC:6E2CJ Q}6@=:I\'pQ G:D:@?\24E:@? 7@F?52E:@? >@56= >2C<D E96 7:CDE =2C86\D42=6 56A=@J>6?E @7 2? 6?5\E@\6?5 >@56= :? E96 =@8:DE:4D D64E@C[ 6?23=:?8 #@3@'2?D E@ ?2G:82E6 4@>A=6I EC277:4 6?G:C@?>6?ED E9C@F89 DFA6C:@C DA2E:2= :?E6==:86?46 2?5 3692G:@C2= C62D@?:?8]k^Am

kAm}6@=:I :D 2=D@ E96 7:CDE 4@>A2?J E@ 56A=@J >2A\7C66 2FE@?@>@FD 5C:G:?8 :? 7C6:89E :?5FDECJ [ 6?23=:?8 ECF6 A@:?E\E@\A@:?E 56=:G6CJ @? AF3=:4 C@25D H:E9 7F== 6?G:C@?>6?E2= 86?6C2=:K2E:@?] xED px\A@H6C65 s:DA2E49 r6?E6C :?E68C2E6D C62=\E:>6 52E2 @? G69:4=6D[ C@FE6D[ 2?5 @C56CD E@ @AE:>:K6 7=66E A6C7@C>2?46] r@==64E:G6=J[ }6@=:IVD {c 2FE@?@>@FD G69:4=6D 92G6 244F>F=2E65 @G6C d_ >:==:@? <:=@>6E6CD @7 C62=\H@C=5 {c 5C:G:?8[ <66A:?8 E96 4@>A2?J 72C 29625 @7 A66CD]k^Am

kAmkDEC@?8mtIA2?5:?8 |2C<6E $92C6 2?5 r@>>6C4:2= $46?2C:@Dk^DEC@?8mk^Am

kAm$:?46 @3E2:?:?8 r9:?2VD 7:CDE 2FE@?@>@FD 56=:G6CJ =:46?D6 :? a_a`[ }6@=:I 92D 6IA6C:6?465 6IA=@D:G6 8C@HE9] '69:4=6 56=:G6C:6D 92G6 :?4C62D65 >@C6 E92? E6?7@=5 2??F2==J 7@C EH@ 4@?D64FE:G6 J62CD] %@52J[ E96 4@>A2?J 9@=5D @G6C e_T @7 4F>F=2E:G6 >2C<6E D92C6[ f_T @7 ?6H >@?E9=J D9:A>6?ED[ 2?5 g_T @7 >@?E9=J C6G6?F6 :? r9:?2VD 2FE@?@>@FD 56=:G6CJ G69:4=6 D68>6?E[ D6CG:?8 >@C6 E92? b__[___ 4=:6?ED C2?8:?8 7C@> =2C86 6?E6CAC:D6D E@ D>2== 3FD:?6DD6D]k^Am

kAmx? E96 6IAC6DD 56=:G6CJ D64E@C[ }6@=:I 4@>>2?5D 2 =625:?8 A@D:E:@? 2D E96 @?=J #@3@'2? DFAA=:6C D6CG:?8 2== >2;@C =@8:DE:4D A=2J6CD :? r9:?2[ :?4=F5:?8 $u tIAC6DD[ ys {@8:DE:4D[ r9:?2 !@DE[ $%~[ *%~[ +%~[ 2?5 yU2>Aj% tIAC6DD[ 42AEFC:?8 ?62C=J f_T @7 <6J 244@F?E E6?56CD]k^Am

kAmq6J@?5 6IAC6DD =@8:DE:4D[ }6@=:I :D C2A:5=J 6IA2?5:?8 :?E@ 7C6D9 7@@5[ 4@=5 492:?[ DFA6C>2C<6E[ 2?5 FC32? 7C6:89E D46?2C:@D[ 5C:G:?8 @A6C2E:@?2= 677:4:6?4J 2?5 D6CG:46 C6=:23:=:EJ[ A2CE:4F=2C=J 5FC:?8 ?:89EE:>6 @A6C2E:@?D[ H96C6 2 D:?8=6 #@3@'2? 42? 4@>A=6E6 @G6C `_ 56=:G6CJ 4J4=6D A6C D9:7E]k^Am

kAmt2C=:6C E9:D J62C[ }6@=:I 2?5 s:5: uC6:89E ;@:?E=J =2F?4965 E96 H@C=5VD 7:CDE #@3@'2?\2D\2\$6CG:46 W#22$X >@56= 7@C @?\56>2?5 =@8:DE:4D[ D:8?:7:42?E=J =@H6C:?8 E96 32CC:6C E@ 2FE@?@>@FD 56=:G6CJ 25@AE:@?]k^Am

kAm~C56CD 7C@> E96D6 5:G6CD:7:65 FC32? =@8:DE:4D D46?2C:@D ?@H 244@F?E 7@C >@C6 E92? 92=7 @7 }6@=:IVD >@?E9=J @C56C G@=F>6] x? E96 3C@256C FC32? =@8:DE:4D D68>6?E[ }6@=:I 4FCC6?E=J D6CG6D 9F?5C65D @7 E@A\E:6C 4=:6?ED 2?5 4@>>2?5D @G6C e_T >2C<6E D92C6]k^Am

kAmkDEC@?8mp446=6C2E:?8 v=@32= tIA2?D:@?k^DEC@?8mk^Am

kAm}6@=:IVD DF446DD 6IE6?5D 36J@?5 r9:?2] x? ~4E@36C a_ad[ }6@=:I A2CE?6C65 H:E9 za vC@FA[ 2? p3F s923:–32D65 px E649?@=@8J 7:C>[ E@ D64FC6 E96 7:CDE #@3@'2? =:46?D6 6G6C :DDF65 :? E96 &pt[ A2G:?8 E96 H2J 7@C D42=65 56A=@J>6?E 24C@DD E96 |:55=6 t2DE] %96 4@>A2?J 2=D@ ;@:?65 y2A2?VD =2C86DE 2FE@?@>@FD 5C:G:?8 2DD@4:2E:@?[ pFE@H2C6[ :? $6AE6>36C a_ad[ 2?5 :? yF=J a_ad[ D:8?65 2 DEC2E68:4 4@@A6C2E:@? 28C66>6?E H:E9 E96 x?496@? |6EC@A@=:E2? v@G6C?>6?E E@ AC@>@E6 #@3@'2? 56A=@J>6?E :? $@FE9 z@C62]k^Am

kAmkDEC@?8mx?5FDECJ ~FE=@@<i a_ad[ E96 qC62<@FE *62C 7@C pFE@?@>@FD s6=:G6CJk^DEC@?8mk^Am

kAmp?2=JDED 2?E:4:A2E6 6IA@?6?E:2= 8C@HE9 :? 2FE@?@>@FD 56=:G6CJ G69:4=6D @G6C E96 ?6IE E9C66 J62CD] $@@49@H $64FC:E:6D 7@C642DED E92E >@C6 E92? b_[___ F?:ED H:== 36 D@=5 :? r9:?2 :? a_ad 2=@?6]k^Am

kAm}6@=:I 6DE:>2E6D E92E r9:?2VD FC32? =@8:DE:4D >2C<6E[ 4FCC6?E=J D6CG65 3J 23@FE b_ >:==:@? 56=:G6CJ G69:4=6D G2=F65 2E @G6C #|q b EC:==:@?[ :D A@:D65 7@C =2C86\D42=6 2FE@>2E:@?] (:E9:? E9C66 J62CD[ >2;@C 4:E:6D DF49 2D q6:;:?8[ $92?892:[ 2?5 vF2?8K9@F 4@F=5 6249 D66 E9@FD2?5D @7 2FE@?@>@FD G69:4=6D @A6C2E:?8 52:=J] ~?46 7=66ED C6249 2 46CE2:? =6G6=[ }6@=:I 6?G:D:@?D 2? :?E6==:86?E =@8:DE:4D ?6EH@C< D6CG:?8 3@E9 6?E6CAC:D6D 2?5 :?5:G:5F2=D[ 6?23=:?8 D92C65 42A24:EJ 2?5 9:89=J 677:4:6?E C6D@FC46 2==@42E:@?]k^Am

kAmkDEC@?8mx?G6DE@C t?5@CD6>6?EDk^DEC@?8mk^Am

kAmw@?8 y:?8[ u@F?5:?8 !2CE?6C 2?5 rt~ @7 v2@496?8 r2A:E2=ik^Am

kAmQpD 2? :?5FDECJ =6256C[ }6@=:I 92D 366? 2E E96 7@C67C@?E @7 6IA=@C:?8 E96 :>A=6>6?E2E:@? @7 {c 2FE@?@>@FD 5C:G:?8 E649?@=@8J :? E96 =@8:DE:4D D64E@C 2?5 249:6G:?8 !C@5F4E\|2C<6E u:E] xE 92D 6IA6C:6?465 C2A:5 8C@HE9 @? E96 A2E9 E@ 4@>>6C4:2=:K:?8 F?>2??65 5C:G:?8 E649?@=@8J[ D6CG:?8 ?F>6C@FD =625:?8 4FDE@>6CD H:E9:? E96 :?5FDECJ[ H9:=6 2=D@ 56>@?DEC2E:?8 9:89=J 4@>A6E:E:G6 56G6=@A>6?E A@E6?E:2= :? @G6CD62D >2C<6ED] pD 2 A2E:6?E 8C@HE9\DE286 7F?5[ H6 9@=5 2 9:89=J @AE:>:DE:4 G:6H @7 r9:?2VD H@C=5\=625:?8 A@D:E:@? :? :?E68C2E:?8 92C5H2C6 2?5 D@7EH2C6 42A23:=:E:6D] (6 2C6 4@>>:EE65 E@ 4@?E:?F@FD=J DFAA@CE:?8 2?5 2DD:DE:?8 }6@=:I :? 4C62E:?8 G2=F6 7@C :ED 4FDE@>6CD 2?5 E96 3C@256C :?5FDECJ[ 4@?D@=:52E:?8 :ED =6256CD9:A A@D:E:@?[ 2?5 724:=:E2E:?8 E96 8=@32= 6IA2?D:@? @7 r9:?2VD 4FEE:?8\6586 E649?@=@8:6D]Qk^Am

kAm(2?8 {:?[ u@F?5:?8 !2CE?6C 2E rswik^Am

kAmQp>:5 H:56?:?8 =23@C D9@CE286D 2?5 DFC8:?8 A2C46= G@=F>6D[ }6@=:IVD 2FE@?@>@FD 56=:G6CJ G69:4=6D C6AC6D6?E >@C6 E92? ;FDE E@@=D[ E96J 2C6 <6JD E@ 3C62<:?8 E9C@F89 :?5FDECJ 3@EE=6?64<D] rsw 'vr H:== =6G6C286 :ED 6IE6?D:G6 :?5FDEC:2= C6D@FC46D E@ 96=A }6@=:I :?E68C2E6 566A=J H:E9 r9:?2VD C@3FDE DFAA=J 492:? 64@DJDE6> 2?5 5:G6CD:7:65 =@8:DE:4D D46?2C:@D[ DFAA@CE:?8 :ED 6G@=FE:@? 7C@> >2DD 56A=@J>6?E E@ 8=@32= 64@DJDE6> 3F:=5:?8] (6 2DA:C6 E@ 36 2? V:?E6==:86?E A2CE?6CV @7 @FC 6C2[ ;@:?:?8 92?5D H:E9 ECF6 3F:=56CD E@ 5C:G6 :?5FDEC:2= EC2?D7@C>2E:@?]Qk^Am

kAm+92@ {6:[ !2CE?6C 2E rx%xr r2A:E2=ik^Am

kAmQ~FC :?G6DE>6?E C67=64ED =@?8\E6C> 4@?G:4E:@? :? E96 EC2?D7@C>2E:G6 A@E6?E:2= @7 D>2CE =@8:DE:4D] pFE@?@>@FD 5C:G:?8 E649?@=@8J H:== 7F?52>6?E2==J C6D92A6 E96 :?5FDECJVD 4@DE DECF4EFC6 2?5 @A6C2E:@?D] (92E D6ED }6@=:I 2A2CE :D :ED 23:=:EJ E@ :??@G2E6 4@?D:DE6?E=J 2?5 4C62E6 6?5FC:?8 G2=F6[ H9:49 4@F=5 36 E96 DEC@?86DE 4@>A6E:E:G6 >@2E] pD 2 =@?8\E6C> A2CE?6C[ rx%xr r2A:E2= H:== =6G6C286 566A :?5FDEC:2= 6IA6CE:D6 E@ 96=A }6@=:I 6IA2?5 ?6H 2AA=:42E:@?D[ 2446=6C2E6 E649?@=@8:42= :E6C2E:@? 2?5 8=@32= 8C@HE9[ 567:?:?8 E96 7FEFC6 A2C25:8> @7 =@8:DE:4D]Qk^Am

kAmr96? *F[ !2CE?6C 2E *F?B: !2CE?6CDik^Am

kAmQ$:?46 }6@=:IVD 7@F?5:?8[ H6VG6 366? 7:C> 36=:6G6CD :? :ED =@?8\E6C> A@E6?E:2= :? 2FE@?@>@FD 56=:G6CJ] uC@> E96 7:CDE G69:4=6 E@ E96 E6?\E9@FD2?5E9[ E96 E62> 92D 4@?E:?F@FD=J C2:D65 E96 32C 7@C E96 :?5FDECJ E9C@F89 D@=:5 6?8:?66C:?8 2?5 C6=6?E=6DD :??@G2E:@? :? E6C>D @7 2=8@C:E9>D[ DJDE6>D[ 2?5 >@?6E:K2E:@?] *F?B: !2CE?6CD H:== 4@?E:?F6 E@ 244@>A2?J }6@=:I @? :ED ;@FC?6J[ 5C:G:?8 566A6C 2AA=:42E:@? @7 2FE@?@>@FD 5C:G:?8 24C@DD r9:?2VD EC:==:@?\=6G6= =@8:DE:4D >2C<6E]Qk^Am

kAmkDEC@?8mp3@FE }6@=:Ik^DEC@?8mk^Am

kAm}6@=:I :D 2 =625:?8 AC@G:56C @7 {c 2FE@?@>@FD 56=:G6CJ W#@3@'2?X D@=FE:@?D H@C=5H:56] xED D6=7\56G6=@A65 {c 2FE@?@>@FD G69:4=6D 2C6 H:56=J 56A=@J65 24C@DD 6IAC6DD 56=:G6CJ[ FC32? =@8:DE:4D[ 2?5 @E96C <6J D46?2C:@D] vF:565 3J @FC >:DD:@? E@ >2<6 2FE@?@>@FD G69:4=6D 2446DD:3=6 H@C=5H:56[ }6@=:I 92D 56A=@J65 @G6C `_[___ F?:ED :? b__ 4:E:6D 24C@DD `d 4@F?EC:6D[ 4@G6C:?8 >@C6 E92? d_ >:==:@? <:=@>6E6CD @7 2FE@?@>@FD @A6C2E:@?—2>@?8 E96 E@A :? E96 :?5FDECJ 7@C 3@E9 56A=@J>6?E D42=6 2?5 @A6C2E:@?2= >:=6286]k^Am

kAmq24<65 3J 7F==\DE24< 42A23:=:E:6D DA2??:?8 :?\9@FD6 D@7EH2C6 2?5 92C5H2C6 56G6=@A>6?E[ G69:4=6 >2?F724EFC:?8[ 2?5 :?E6==:86?E 5:DA2E49:?8[ }6@=:I 92D 7:=65 @G6C `[d__ A2E6?ED] s6D:8?65 E@ 96=A 4=:6?ED C65F46 4@DED 2?5 6?92?46 677:4:6?4J 2E D42=6[ }6@=:I G69:4=6D 6?23=6 ac^f 2FE@?@>@FD @A6C2E:@?D—CF??:?8 C6=:23=J :? 2== H62E96C 4@?5:E:@?D[ 2E 2?J E:>6 @7 52J[ 2?5 24C@DD 2 H:56 C2?86 @7 4@>A=6I C@25 D46?2C:@D]k^Am

k5:G 4=2DDlQ!#}0x>365565pDD6E#676C6?46Q :5lQs:GpDD6E!=246w@=56C_Qmk^5:Gm

kA :5lQ!&#{Qmk:>8 E:E=6lQr:D:@?Q H:5E9lQ`aQ 96:89ElQ`aQ 2=ElQr:D:@?Q DC4lQ9EEADi^^6586]AC?6HDH:C6]4@>^4^:>8^72G:4@?]A?8nD?lr}_dggeU2>AjD5la_ad\`_\abQ ^m ':6H @C:8:?2= 4@?E6?E E@ 5@H?=@25 >F=E:>65:2ik2 :5lQ!#}&#{Q C6=lQ?@7@==@HQ 9C67lQ9EEADi^^HHH]AC?6HDH:C6]4@>^?6HD\C6=62D6D^?6@=:I\C2:D6D\FDe__\>:==:@?\:?\D6C:6D\5\7F?5:?8\D6EE:?8\?6H\C64@C5\7@C\AC:G2E6\7:?2?4:?8\@7\49:?2D\2FE@?@>@FD\5C:G:?8\:?5FDECJ\b_adhbdb`]9E>=Q E2C86ElQ03=2?<Qm9EEADi^^HHH]AC?6HDH:C6]4@>^?6HD\C6=62D6D^?6@=:I\C2:D6D\FDe__\>:==:@?\:?\D6C:6D\5\7F?5:?8\D6EE:?8\?6H\C64@C5\7@C\AC:G2E6\7:?2?4:?8\@7\49:?2D\2FE@?@>@FD\5C:G:?8\:?5FDECJ\b_adhbdb`]9E>=k^2mk^Am

kAm$~&#rt }6@=:Ik^Am

kAmk:>8 2=ElQQ DC4lQ9EEADi^^CE]AC?6HDH:C6]4@>^CE]8:7n}6HDxE6>x5lr}_dggeU2>Aj%C2?D>:DD:@?0x5la_ad`_abab_f!#0}t($0&$!#00000r}_dggeU2>Ajs2E6x5la_ad`_abQ DEJ=6lQ3@C56Ci_AIj H:5E9i`AIj 96:89Ei`AIjQ ^mk^Am