Brief

Millisecond Intelligence Control, a supplier of core components for steer-by-wire systems, has secured millions in an Angel+ funding round from Songhe Capital and Suzhou High-tech Venture Capital. Founded in April 2025, the company specializes in steer-by-wire (SBW) systems and their core electronic control components. The team, led by a co-drafter of China's national standard for steer-by-wire, has extensive experience from companies like SAIC, Nio, Huawei, and Jidu, and their SBW system has undergone over 50,000 kilometers of autonomous driving testing. AI

Millisecond Control, a supplier of core components for drive-by-wire chassis, has secured tens of millions of yuan in its Angel+ funding round. The investment was led by Songhe Capital and Suzhou High-tech Capital. This marks the company's second funding round within a year of its establishment, following an initial investment from Houxue Capital. AI

Xingyuanzhi, a company focused on embodied intelligence, has secured 1 billion RMB in funding within its first 10 months of operation. The capital will fuel research and development of its embodied brain and world models, product commercialization, and team expansion. The company is also establishing a joint lab with the Beijing Academy of Artificial Intelligence to advance embodied interactive world model technology, aiming for end-to-end deployment on edge devices. AI