
WeRide Raises $200M in Series B1 Financing from Yutong Group’s Strategic Investment
L4 autonomous driving company WeRide announced Wednesday the completion of its Series B1 funding with a strategic investment of $200 million from Yutong Group.
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L4 autonomous driving company WeRide announced Wednesday the completion of its Series B1 funding with a strategic investment of $200 million from Yutong Group.
Founded in 2015, Horizon Robotics has already made a name for itself as a leading provider of energy-efficient computing solutions for consumer vehicles in China.
Daimler Greater China Ltd., a subsidiary of Mercedes-Benz Group, signed a memorandum of cooperation with Tencent Cloud Computing Beijing Ltd. in the field of high-level autonomous driving.
Chinese electric vehicle manufacturer XPeng Motors revealed its latest EV architecture on April 16. The company aims to achieve a balance between cost, efficiency, experience, and globalization with the new SEPA 2.0 platform.
Microsoft unveiled a total solution for the automotive and mobility sectors on August 28 at WNEVC.
As autonomous driving becomes more popular and easy to use, first-tier cities in China such as Beijing, Shanghai, Guangzhou and Shenzhen are striving to secure leading companies to settle in with supporting policies.
Chinese electric vehicle firm NIO and internet giant Tencent signed a strategic cooperation agreement in Shenzhen on November 28. Under the deal, the two sides will carry out in-depth cooperation in the fields of autonomous driving cloud technology, intelligent driving maps and digital ecology.
Chinese internet giant Alibaba announced on Thursday it will develop driverless trucks with its logistics unit Cainiao, as the company ramps up efforts to follow a trend that may revolutionize the transportation industry.
Baidu released on August 1 its unaudited financial report for the second quarter of the 2018 fiscal year. Baidu's total revenue grew 32 percent to reach 26 bill...
Ecar Tech, a Shanghai-based technology start-up, had obtained a new round of investment from New Hope Group. Scheme Capital remained the exclusive financial adviser for the deal.
HoloMatic, an autonomous driving technology company in China, announced on November 11 that it had completed a C2 round of financing, led by GAC Capital and followed by Zhidu Investment and Chaos Investment.
On April 13, Chinese ride-hailing giant Didi released its first autonomous driving and automatic operation center and autonomous driving concept car named "DiDi Neuron."