San Diego-based self-driving truck startup TuSimple, announced on September 17 that its Series D round had secured an additional $120 million.
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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.
Self-driving car bring unlimited business opportunities, including laser radar which has attracted a lot of players. Quanergy just completed the construction of a new plant whose annual output is about one million units, will have another big move in China in 2018.