
China VC Weekly: Biotech, Autonomous Driving and AI
Gracell Biotechnologies raises $100 million in Series C round.
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Gracell Biotechnologies raises $100 million in Series C round.

Chen Mo, the co-founder and former executive chairman of Chinese automated driving technology company TuSimple, announced on Friday that he has established Hydron, a new company providing L4 autonomous driving and hydrogenation infrastructure services.

Chinese Internet giant Baidu announced on Monday that its Baidu World 2022 jointly organized with CCTV will be held online on July 21.

At the 2022 World Artificial Intelligence Conference (WAIC), Robin Li, Co-Founder, Chairman and CEO of Beijing-based tech giant Baidu, deliver a keynote speech entitled "When AI meets the real economy."

Chinese EV firm WM Motor is facing scrutiny amid rumors of reduced electricity storage, causing the cruising range to decline significantly.

Today, the General Manager of Baidu's Autonomous Driving Technology Department expressed interest in partnership with Tesla, confirming earlier speculations.

Guangzhou Pengxu Autonomous Driving Technology Co., Ltd. was established on February 14, 2022. The legal representative of the company is Henry Xia, the co-founder and president of Xpeng Motors.

Plus, an automated driving heavy truck company, announced on Monday the launch of the "Plus Build" program in the United States.

Chinese technology firm White Rhino announced on Thursday that it has passed the first international safety standards test for L4 automated driving systems ("ISO 22737") in the presence of TÜV Rheinland.

Autonomous driving company WeRide announced on Friday that it has officially begun unmanned minibus Robobus services on Guangzhou International Bio Island. The service aims to provide unmanned bus services for local citizens.

Hundreds of automobile companies including EV leader Tesla have asked the the U.S. Trade Representative to extend tariff exemptions for parts and materials imported from China.

On October 12, Didi Autonomous Driving announced that it has received investment from GAC Group.