Exclusive: Neolix's Yu Enyuan on raising double its target and aiming for 40,000 autonomous vehicles by year-end

Neolix founder and CEO Yu Enyuan said at a media briefing that the company's latest funding round originally targeted USD 200 million but ultimately raised double that amount. The company aims to achieve overall profitability in 2027 and plans to gradually shift from selling vehicles to providing transport capacity services. He said gross margin exceeds 60% on a per-vehicle revenue basis, and the year-end target for autonomous vehicle scale is about 40,000 units. The new-generation product's overall operating efficiency is more than 3 times that of previous products, with design service life extended from 5 years to 8 years and daily effective service time increased from about 12 hours to 18 hours.