Shanghai Smart Driving Electronic Technology Co., Ltd. announced that it has received $47 million in funding from Huizhou Desay SV Automotive Co., Ltd., People.cn CO., LTD, Shanghai Free Trade Zone Equity Fund Management Co., Ltd., Shanghai Yonghua Capital Management Co., Ltd.

Huizhou Desay SV Automotive Co Ltd, formerly Huizhou Desay SV Automotive Co Ltd, is a China-based company mainly engaged in the research, development, design, production and sales of automotive electronic products. The Company's main businesses include smart cockpits, smart driving and Internet connected services. Smart cockpit products include in-vehicle infotainment systems, driving information display systems, display terminals, body information and control systems and other systems. Internet connected service products include vehicle-level Over-the-Air Technology (OTA), network security, and Blue Whale OS3.0 terminal software. The Company sells its products in the domestic market and overseas markets.