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Self-driving vehicle technology firm QCraft has announced on August 25 that its prototype car based on Horizon Robotics' Journey 5 chips is expected to carry out road tests in the third quarter of this year.
Chinese tech giant ByteDance, owner of TikTok and its Chinese counterpart Douyin, has reportedly invested in autonomous driving startup QCraft Inc.
QCraft has raised tens of millions of US dollars in a seed funding round from IDG Capital, Vision+ Capital and Tide Capital, the company said in a statement Friday.
The Sharing Bus, an unmanned vehicle jointly developed by QCraft and Dongfeng Yuexiang, was unveiled on Wednesday.
QCraft, a Beijing-based provider of autonomous driving solutions, announced on December 2 its completion of a B1 round of financing worth several hundred million yuan.
QCraft, a Chinese autonomous driving company, announced Monday that it has been awarded a test license for intelligent networked passenger minibuses in Beijing's high-level autonomous driving demonstration zone.
QCraft said on Wednesday that the company will adopt U.S. computer graphics giant Nvidia’s Drive Orin automotive system-on-a-chip to power its third-generation Level 4 self-driving hardware solution.
At the end of August this year, Chinese consumer electronics giant Lenovo stated that it would not seek to build its own cars. However, on October 11, LCFC, a subsidiary of Lenovo, released an autonomous driving domain controller called the EA-R600.
At the 2021 World Internet of Things Expo held in the eastern city of Wuxi, Chinese autonomous driving startup QCraft introduced the country’s first 5G-enabled unmanned bus supporting online-based ride-hailing functions.
In last week’s VC news, drug research firm XtalPi raised a massive $400 million to bring it to a new lofty valuation, prominent LiDAR company Innovusion closed a $66 million Series B round, and more.