There is no lack of state funding for China’s smart driving startups nowadays as the country advances its goal to become a global leader in artificial intelligence in a decade’s time. The latest to get a financial boost is Uisee, a Beijing-based company founded by a group of tech veterans including the former head of… Continue reading Autonomous driving startup Uisee attracts Chinese state investor in $150M round
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Chinese EV startup Aiways said to seek funding ahead of IPO: Report
Aichi Automobile, a Chinese electric vehicle (EV) startup better known as Aiways, is in the market raising a new funding round that could give it a valuation of over $2 billion before its potential initial public offering (IPO) in the US. Chinese ride-hailing giant Didi Chuxing is one of the investors mulling participating in the… Continue reading Chinese EV startup Aiways said to seek funding ahead of IPO: Report
Chinese driverless car start-up WeRide raises $310 million in funding as competition heats up
A car equipped with WeRide autonomous driving technology in Guangzhou, China. WeRide GUANGZHOU, China — Chinese driverless car start-up WeRide has raised $310 million in a new round of funding as it pushes to commercialize its technology. Yutong Group, a Chinese company that manufactures commercial vehicles including electric buses, lead the funding round. A number… Continue reading Chinese driverless car start-up WeRide raises $310 million in funding as competition heats up
Apple Car expected to shake up auto industry in Asia and world
BEIJING — Global information technology leader Apple is highly likely to break into the automobile sector. The American company is reportedly planning to create self-driving electric vehicles manufactured by an automaker under a tie-up agreement using a business model similar to its iPhone production. A potential Apple Car, if realized, is thought certain to affect the competitive landscape of the… Continue reading Apple Car expected to shake up auto industry in Asia and world
China’s search giant Baidu to set up an EV making venture
China’s search giant Baidu is extending its car ambitions from mere software to production. The company said Monday that it will set up a company to produce electric vehicles with the help of Chinese automaker Geely. Baidu, a dominant player in China’s internet search market for the last decade or so, will provide smart driving… Continue reading China’s search giant Baidu to set up an EV making venture
Chinese search firm Baidu to create an electric vehicle company as tech giants jump into auto space
GUANGZHOU, China — Chinese search giant Baidu will create a standalone electric vehicle company, a person familiar with the matter told CNBC. The Beijing-headquartered company will be the majority shareholder while Chinese automaker Geely will take a minority stake, the person said. Geely will be responsible for manufacturing the vehicles while Baidu will focus on… Continue reading Chinese search firm Baidu to create an electric vehicle company as tech giants jump into auto space
China’s Baidu said to plan smart EV firm, to make cars at Geely plant
China’s Baidu Inc plans to form a company to make smart electric vehicles (EV), two sources familiar with the matter said, with manufacturing to be carried out at plants owned by automaker Geely. Baidu, the leading search engine company in China, will take a majority stake and absolute voting power in the new company. The venture will revamp some of Geely‘s existing car manufacturing facilities to make the vehicles, with in-car software input from Baidu and… Continue reading China’s Baidu said to plan smart EV firm, to make cars at Geely plant
Baidu plans smart EV company, to make cars at Geely plant: Sources
The venture will revamp some of Geely’s existing car manufacturing facilities to make the vehicles, with in-car software input from Baidu and engineering know-how from Geely, sources told Reuters. By Yingzhi Yang, Yilei Sun and Brenda Goh BEIJING: China’s Baidu Inc plans to form a company to make smart electric vehicles (EV), two sources familiar… Continue reading Baidu plans smart EV company, to make cars at Geely plant: Sources
China search giant Baidu considers making own electric vehicles: sources
BEIJING: China’s Baidu Inc is considering making its own electric vehicles and has held talks with automakers about the possibility, said three people with knowledge of the matter, the latest move in a race among tech firms to develop smart cars. The search engine leader, which also develops autonomous driving technology and internet connectivity infrastructure,… Continue reading China search giant Baidu considers making own electric vehicles: sources
Chinese Uber competitor DiDi unveiled a futuristic EV made specifically for ride-sharing — see the D1
DiDi Chuxing has unveiled a custom electric sedan built specifically for ride-shares: the D1. The D1 was built in partnership with electric vehicle maker BYD. The electric vehicle has features like a smart steering wheel, several touchscreens, and artificial intelligence systems. The D1s will be used by drivers across cities in China over the next several… Continue reading Chinese Uber competitor DiDi unveiled a futuristic EV made specifically for ride-sharing — see the D1