On May 20th, 2022, Yunjing Capital announced that former CTO of Ideal Automotive, Kai Wang, has joined their team as a partner.
In September 2020, Ideal Automotive appointed Wang as their Chief Technology Officer (CTO), responsible for the research and development as well as the mass production of smart car related technologies, including electronics and electrical architecture, intelligent cockpit, autonomous driving, platform development, and Li OS real-time operating system.
Before joining Ideal Automotive, Wang worked at Aptiv as Global Chief Architect and Senior Director of Advanced Driver Assistance Systems. From 2002 to 2012, he focused on the core research and development of dedicated integrated circuit mobile communication, connectivity, and application design in many top technology companies around the world, including Nokia, Detection Technology, Datang Microelectronics, and ArkMicro.
On February 15th, 36Kr reported that Ideal Automotive CTO Kai Wang would resign soon and his next move was not disclosed. Wang was the highest-level management personnel to leave the company since its establishment, and his tenure was only 17 months.
On February 25th, Ideal Automotive announced that Chief Technology Officer Wang resigned due to personal reasons, and the company’s chief engineer, Donghui Ma, will be in charge of the research and development of smart car-related technologies. Ideal Automotive stated that Wang will continue to serve as a senior consultant to the company until December 31st, 2022, to ensure a smooth transition.
Now, Wang has entered the investment field. According to Yunjing Capital, Wang will use his rich industrial experience and industrial knowledge in new energy, autonomous driving, and smart hardware to help Yunjing continuously improve its cutting-edge technology industry investment ecosystem, and discover and assist more excellent start-ups.
Established in 2015 by Alibaba co-founder Yongming Wu, Yunjing Capital’s team members consist of experts from core positions in first-line Internet companies and senior investment professionals from first-line VC in China, conducting investments in both RMB and USD.
Wang said:
“I am honored to join Yunjing Capital. Since returning to China in 2020, I have deeply felt the vigorous atmosphere of technological innovation in China. I am very grateful for the time I spent with Ideal Automotive and the phased achievements we won together. I look forward to opening a new chapter of investment career and using my accumulation in the field of technology to serve and drive more excellent entrepreneurs towards success at Yunjing.”
🔗 Source: Yunjing Capital
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.