The launch marks a first milestone for the world’s largest maker of consumer drones in its push into the Chinese EV space.
BYD partners with Nuro to build driverless delivery vehicles
BYD partners with US autonomous driving startup Nuro to make electric robocars for goods delivery services.
Baidu’s EV project Jidu secures $400 million in Series A
Jidu will use the proceeds on research and development as the company aims to unveil a concept car in April.
Chinese automakers rush to fund domestic chip startups to tackle shortage
The investment in Horizon reflects Chinese automakers’ growing anxiety about the ongoing semiconductor shortage.
Drive I/O | Shanghai automakers hit by lockdowns, China’s new push for driverless cars
Automakers in China is struggling to regain the momentum lost during a citywide lockdown in Shanghai that began in late March.
Drive I/O | Chinese EV makers face price hikes as nickel prices soar, Didi to enter EV market
Nickel price surge could further increase the cost of electric vehicles and force automakers to cut earnings forecasts.