Xin Lang Cai Jing·2026-01-13 11:33Core Insights - Yika Technology announced a strategic investment of $45.6 million from Geely Holding Group, with shares priced at $1.67 each and a six-month lock-up period [2][5] - This investment follows a $150 million convertible bond agreement with ATW Partners in November 2024, marking another round of external financing within two months [2][5] - The funding is based on the long-term partnership and rapid business growth of Yika Technology, with Q3 2025 revenue reaching $219.9 million, an 11% year-over-year increase, and gross profit of $47.6 million, up 39% [2][5] Business Performance - The growth is primarily driven by the large-scale application of Yika's intelligent computing platforms in Geely's vehicle models [2][5] - Yika's technology products have a penetration rate of 77% within Geely's related brands [2][5] - The Antora® 1000 AI enhanced computing platform is utilized in the Geely Galaxy A7, while the Parker® platform supports the high-end AI cockpit of the Galaxy M9 [2][5] Market Expansion - Yika Technology is expanding into international markets, having announced in November 2024 that it will provide intelligent cockpit solutions for multiple models sold by the Volkswagen Group in Latin America, including Antora® hardware and the Cloud Mountain cross-domain software platform [2][5] - As of September 2025, nearly 10 million vehicles equipped with Yika's technology are operational across Europe, Asia, Australia, and Latin America [3][6] - The recent investment from Geely further strengthens the collaboration in the field of intelligence and provides funding support for Yika's ongoing R&D and global delivery capabilities [3][6]