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GoFurther.AI, an autonomous driving company, announced the completion of the company's round A+ of financing on August 8. This financing was jointly led by Xingxiang Capital and Ruizhu Capital.
China’s VC market is coming into its own as the coronavirus outbreak seems to be easing its grip on the country.
Inceptio Technology, an automated driving start-up, announced on Tuesday that it was recently granted a license to conduct open road testing with L4 driver-less self-driving heavy trucks in Deqing, Zhejiang Province.
On August 2, TuSimple, a driverless truck company, released its Q2 financial report. In Q2, its revenue totaled $2.594 million, up 73% compared with that of $1.482 million in the same period last year.
Beijing-based Neolix said it had recently closed a round of Series B funding in which an undisclosed multi-million-dollar amount was raised. The funding was aimed at the large-scale expansion of the company's service network.
On October 12th, Daisch, a high precision inertial positioning solution provider, announced the completion of a Pre-A round of financing, led by Shanghai Aosheng Management Consulting Co., Ltd.
Baidu will open its fully driverless Apollo Go Robotaxi service to the public in Beijing’s Shougang Park starting from May 2, marking a further step in the firm’s commercialization of autonomous driving.
As the target valuation of Mobileye, an autonomous driving subsidiary of Intel, continues to be lowered, the field of autonomous driving chips in China is active. Many local car companies such as Great Wall Motor and BYD are accelerating their investments in the chip industry.
Dowson Tong, Senior Executive Vice President of Chinese tech giant Tencent, said at a smart travel product launch held on Friday that Tencent does not produce vehicles.
Plus, a self-driving truck company, may initiate its US listing plan again by merging its Chinese business into Full Truck Alliance, a digital freight platform. The official announcement will be unveiled in March this year.
During the XPeng Tech Day held on October 24, the Chinese electric vehicle maker revealed its development schedule for intelligent assisted driving and the recent progress of its flying cars and robots.
Joe Xia, CEO of JiDU, announced through Chinese social media on Wednesday that the firm has started body mold casting for its first mass-produced car.