Self-driving startup AutoX wins backing from Dongfeng, eyes China market
California-based autonomous driving startup AutoX has completed a Series A3 funding round backed by Chinese investors as it shifts its focus to promote the use of self-driving technologies in the Chinese commercial vehicle sector.
The funding round in the “tens of millions” was led by Chinese auto maker Dongfeng, and will be used to fund mass production of advanced L4 autonomous driving vehicles in the Chinese market, according to the company. This follows an undisclosed round of financing by another state-owned vehicle giant, Shanghai-based SAIC Motor, in September 2017.
“AutoX, with its expertise in algorithms, provides us with a new way to explore artificial intelligence in the mobility sector,” (our translation) Chinese media reported Liu Fen, an SAIC research director, as saying at the time.
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