On May 13, Alibaba's research institute DAMO Academy was reported to be undergoing a major organizational restructuring. The autonomous driving laboratory, which has long been unable to generate profits, will be merged into Cainiao, the logistics arm of Alibaba.
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 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 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.
Recently, the State Administration for Market Regulation and the Standardization Administration jointly published China's first national standards for grading automated driving.
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.
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.
From contact tracing systems to driverless food delivery and medical supply vehicles, AI technology has been used in more daily life scenarios during the Covid-19 pandemic in China.
Pony.ai on June 24 refuted recent market rumors that the company will initiate its own car production.
In last week’s VC news, online medical platform Dingdang Health raises $220 million to expand its O2O strategy, lidar-maker Hesai closes a considerable Series D followed by a hefty Series C round raised by autonomous driving chip-maker Horizon robotics, while Tencent invests in a German online brokerage.
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.
Chinese autonomous driving system startup Zongmu Technology announced that it has raised a total of $190 million in its Series D round of funding, including from a Xiaomi-backed investment fund.
Swedish carmaker Volvo Cars announced on Monday that it has signed a deal with China’s largest ride-hailing platform Didi Chuxing to develop autonomous driving cars for a robotaxi fleet.
Chinese telecom giant Huawei announced on Monday that it will invest more than $1 billion in researching and developing self-driving and electric vehicles this year.
Chinese truck autonomous driving company Plus, formerly Plus.ai, has raised $220 million in a new round of financing led by FountainVest Partners and ClearVue Partners, the company announced on Wednesday.
China's largest automaker SAIC Motor is partnering with US lidar producer Luminar to develop autonomous driving technologies for a new high-tech line of vehicles, the companies announced on Thursday.
Chinese tech giant ByteDance, owner of TikTok and its Chinese counterpart Douyin, has reportedly invested in autonomous driving startup QCraft Inc.
Chinese self-driving solutions startup UISEE Technology has completed a new funding round and raised more than 1 billion yuan ($154 million), the company announced on Monday.
Chinese drone manufacturer DJI said the company has not established a new engineering team to work on self-driving technologies.
AI startup Emotibot raises 200 million Series C round.