Qingzhou Zhihang completed a USD 100 million financing, Yu Qian: Strategic focus shifts to L4 and general physical AI

Leidi Network, March 23 QCraft (referred to as "QCraft") announced today the completion of a new round of D-series financing amounting to $100 million. This round of financing was jointly invested by a leading domestic OEM, Ningbo Ninghai Xingtai He Fund, Liangxi Science and Technology Innovation Industry Mother Fund (Bohua Capital Management), Huade Innovation, and a leading automotive electronic components company, among other industrial investors and investment institutions. QCraft stated that the funds will be used to enhance the research and development of cutting-edge physical AI technologies such as world models and reinforcement learning, as well as to strengthen the company's organizational talent development to build reserves for the company's growth. Dr. Yu Qian, co-founder, chairman, and CEO of QCraft, stated: "In 2026, humanity is at a critical watershed in AI development. We are transitioning from human-like intelligence to superintelligence. In the next 5 to 10 years, greater opportunities lie in the physical world, which is the most exciting aspect of autonomous driving. Autonomous driving is the best entry point to physical AI. Based on this judgment, the company will significantly shift its strategic focus towards L4 autonomous driving and general physical AI, while accelerating overseas expansion. At the same time, we will intensify the research and development of world models and reinforcement learning technologies to drive the future with technology and firmly advance towards general physical AI." It is reported that QCraft is referred to as the "DeepSeek" of China's intelligent driving field. In 2026, QCraft's world model and reinforcement learning technology solutions are set to be unveiled. In the L2++ field, QCraft's intelligent assisted driving models have surpassed 1 million units, leading the industry in large-scale production capacity, currently collaborating with nearly 10 leading automotive companies and close to 30 models. Notably, the QCraft Chengfeng Pro, which can achieve NOA levels with only 128 TOPS of computing power, was globally launched. In 2026, QCraft expects to add over 50 new cooperative models, almost all of which will be equipped with urban NOA functions. In the L4 field, QCraft has partnered with upstream and downstream players in the automotive industry to officially enter the unmanned logistics vehicle sector, with these unmanned logistics vehicles already in operation in cities such as Jinhua, Wuhu, and Ningbo. In terms of Robotaxi, QCraft plans to conduct small-scale pilot tests in 2026 and large-scale deployment in 2027. ———————————————