China Renaissance’s Huaxing Growth Capital raises new $600 million fund
Tagautomotive industry
Huawei announced on its official website the first batch of 18 car companies that will become part of its 5G automotive ecosystem.
It has been slightly over two months since Didi’s autonomous driving division was spun off into an independent entity in an attempt to stimulate the company’s efforts in R&D and product application.
Shanghai Automotive Group Co., Ltd. (SAIC) signed a 50.1:49.9 share joint venture contract with Austrian TTTech Computertechnik AG (TTTech) to accelerate development of an intelligent electronic control unit (iECU) and enhance core technical capabilities in smart driving.