NavInfo announced that it is planning to participate in a new round of financing for PhiGent Robotics Limited in the form of cash and assets. PhiGent Robotics Limited is the parent company of Beijing Jianzhi Technology Co., Ltd. The transaction aims to further optimize the strategic layout, enhance comprehensive strength, build a reasonable industrial layout, and enhance core competitiveness. After the transaction is completed, the intelligent driving businesses of both parties will be integrated to jointly provide automakers with low-, medium- and high-end intelligent driving services based on the Horizon platform and Qualcomm platform. Currently, the transaction is in the due diligence, audit, and evaluation stage, and the transaction plan is being determined through consultation with major shareholders. Once the specific cooperation matters are clarified, the company will go through the corresponding decision-making and approval processes and disclose relevant information in a timely manner.