TuSimple, a self-driving truck startup running daily routes for customers in Arizona, has raised $95 million in a Series D funding round led by Sina Corp. The company achieved unicorn status with a valuation now reaching $1 billion.
Zhidaohulian（智道网联）, a Chinese intelligent vehicle service provider, raised 120 million dollars in its Series A round led by Tencent on Feb.1.
SenseTime, the world’s most valued artificial intelligence (AI) startup, recently formed a partnership with Beijing Capital International Airport Company to create a smart security check-in system for Daxing Airport, the capital’s new airport is currently under construction.
On Dec. 29, SoundAI, a Chinese tech startup that develops acoustics-focused artificial intelligence (AI) technology, has completed its Series B round of financing worth 200 million yuan ($29 million).
NIU Technologies Group, a Chinese electric scooter startup, has submitted its prospectus to the U.S. Securities and Exchange Commission (SEC) for an IPO on NASDAQ, intending to raise up to $150 million. The number of shares and their price range remain unknown.
Unlike traditional automobile brands, XPeng’s marketing has always been stylish and energetic as their main focus is to attract younger audiences. At Happy Valley, one could easily see the connection between the exciting high-tech vehicles and the thrilling fun that the amusement park brings.
Alibaba Group, the biggest e-commerce company in China, is setting up its own chipmaking subsidiary, Pingtouge Semiconductor Company, to make its in-house artificial intelligence inference chips.
For William Li, Founder and CEO of the recently public EV startup NIO, the past few days must have been unforgettable. Priced near the bottom of its target range, NIO officially began trading on the New York Stock Exchange (NYSE) on Sept. 12.
Electric vehicle startup NIO will officially begin trading on the New York Stock Exchange (NYSE) starting on September 12, under the ticker symbol “NIO”. This is the first Chinese EV startup to go public in the U.S.
On Sept. 11, Dr. Gu Junli, vice president of Xpeng Motors, an electric car startup in China, announced in a keynote speech that the company has obtained a California Autopilot Test Drive Permit, allowing the company to legally test its autopilot technologies on U.S. soil.
On Sept. 5, at 1 p.m. local time, China’s commercial rocket startup iSpace launched a sub-orbital rocket into space from the Jiuquan Satellite Launch Center in Xi’an, Shaanxi Province. The successful launch signals the dawn of an era where additional private space companies are authorized to conduct launches.
Chinese electric-vehicle maker, NIO, has updated its initial public offering (IPO) prospectus and set terms to raise a total of $1.32 billion.
Beijing-based global leading education startup, VIPKID, announced a strategic cooperation agreement with global educational and trade publisher, Houghton Mifflin Harcourt (HMH) on August 28, making the former the first online education platform to get full access to HMH’s K12 curricula.
Intelligent electric vehicle maker BYTON showcased its latest innovations at the 2018 Pebble Beach Concours d’Elegance on August 26, including the U.S. debut of the BYTON K-Byte Concept on the prestigious Concept Car Lawn.
Waymo, Alphabet’s self-driving technology development subsidiary, has set up a Chinese subsidiary to test and design its self-driving cars, as discovered recently by Chinese media.