Zhong Guo Jing Ying Bao·2025-11-25 02:43Core Viewpoint - The autonomous driving company Haomo Zhixing, backed by Great Wall Motors and other investors, has reportedly ceased operations, leading to over 200 employees leaving the company, with some transferring to Great Wall Motors [1][2]. Group 1: Company Background - Haomo Zhixing was established in November 2019 as a subsidiary of Great Wall Motors, focusing on artificial intelligence technology for autonomous driving [1]. - The company had a valuation of 7 billion yuan and successfully completed four rounds of financing between 2021 and 2024, with the A round raising nearly 1 billion yuan [2]. Group 2: Operational Challenges - The company faced significant challenges in 2023, including delays in the rollout of its city NOH feature, which was expected to launch in 100 cities by 2024 [3]. - Despite the successful launch of the HPilot 3.0 system in various models, the company struggled with resource allocation and production scale, leading to an imbalance in investment returns [4]. Group 3: Market Dynamics - The investment landscape for autonomous driving projects has become increasingly cautious, impacting Haomo Zhixing's ability to secure additional orders from automotive manufacturers [4].