Core Viewpoint - Didi Autonomous Driving has secured a new round of financing amounting to 2 billion yuan, aimed at enhancing AI research and development and promoting the application of L4 autonomous driving, thereby contributing to the high-quality development of the transportation industry [1][12]. Financing and Investment - The recent D round financing of 2 billion yuan includes investments from various government-backed funds and automotive companies, providing strong governmental endorsement for Didi's technology and business model [1][12]. - Didi has raised over 10 billion yuan across five financing rounds, with the latest round potentially valuing the company at over 5 billion USD [12][24]. Strategic Shift - Didi has shifted its focus from vehicle manufacturing to autonomous driving, particularly in the areas of Robotaxi and autonomous trucks, following the sale of its smart electric vehicle assets to XPeng Motors [3][12]. - The company has established a joint venture with GAC Group to develop L4 autonomous vehicles, addressing manufacturing qualifications while ensuring deep integration of technology and vehicles [23][24]. Technological Development - Didi has launched the RoboTaxi concept car, DiDi NEURON, featuring advanced sensor technology and a unique design aimed at maximizing passenger space [6][9]. - The company has developed an advanced hardware platform for autonomous driving, boasting significant improvements in performance and efficiency compared to previous generations [9][11]. Operational Advancements - Didi has established a 24-hour automated operation center for autonomous driving services, achieving a 90% automation rate in vehicle operations [11][12]. - The company is expanding its L4 autonomous driving technology into freight logistics through its subsidiary, Karl Power, which has already begun regular operations [11][12]. Competitive Landscape - Didi's approach to autonomous driving is distinct from competitors like Uber and Lyft, which have opted for a lighter asset model by partnering with third-party autonomous driving companies [19][20]. - Didi's full-stack self-research model allows it to maintain control over core technologies, creating a competitive edge in the rapidly evolving autonomous driving market [21][24].