Deepal Motors receives L3 autonomous driving license and raises 6.122 billion CNY in funding.
Deepal Motors has successfully raised 6.122 billion yuan in its Series C funding round, becoming one of the first automakers to receive the L3 autonomous driving license.
Deepal Motors, the electric vehicle brand of Changan Automobile, has announced the completion of its Series C funding round, totaling 6.122 billion yuan (approximately $851 million). Alongside this financial success, the company has also officially received Level 3 (L3) autonomous driving technology testing certification, marking a significant milestone in its smart vehicle development roadmap.
Financial resources from major investors
The 6.122 billion yuan investment comes from a collaboration of three major entities: Changan Automobile, Chongqing Yufu Holdings Group Co., Ltd., and CMB Financial Asset Investment Co., Ltd. Securing this substantial funding during a fiercely competitive electric vehicle market will provide significant impetus for Deepal Motors to continue expanding its production scale and technological research.
In terms of market size, Deepal Motors has delivered over 700,000 vehicles globally to date. The brand is now present in nearly 100 countries and regions, demonstrating the remarkable pace of international market penetration by the Chinese electric vehicle manufacturer.
A new breakthrough with L3 autonomous driving technology.
A notable highlight of this announcement is Deepal Motors receiving its first official license for Level 3 autonomous driving technology. This licensing confirms that the company's technology has passed safety and legal tests and is ready for practical application.
Level 3 (L3) autonomous driving technology allows the system to take over vehicle control in specific environmental conditions. However, according to technical standards, this is not a fully autonomous driving system; the driver still plays a backup role and must be ready to intervene and take control immediately when the system requires it or in complex situations that exceed the vehicle's handling capabilities.
With new funding and L3 technology certification, Deepal Motors is strengthening its position among the pioneering manufacturers bringing advanced driver assistance features to commercialization, contributing to a safer and more convenient era of autonomous vehicles.
