Chinese self-driving car startup Deeproute announced Tuesday that it had raised more than $300 million in a Series B led by Alibaba.
Baidu could eventually charge people to ride in its robotaxis—a milestone for the costly, years-long quest of self-driving cars.
The idea of building an on-demand ride-hailing service for the skies is gradually getting off the ground in China.
Baidu received the country’s first permit for commercial robotaxi services, a major milestone for Chinese self-driving car industry.
It’s unusual for two tech majors, JD and Meituan, to join the same round in robotrucks, signaling that they see Inceptio as a key player.
Baidu in March became the first Chinese company permitted to offer robotaxi rides to paying customers by a local government.
Nio on Saturday revealed its second fully electric premium sedan model ET5 to reach a larger customer base.
WeRide’s expanded partnership with automaker GAC is the latest example of the startup branching out to work with more companies as it develops self-driving vehicles and related services.
The companies expect the new models to take a significant share in the Chinese premium EV segment and fulfill their ambitions to establish a “world-class high-end” Chinese car brand.
Geely unveiled a model electric semi-truck that will have highly autonomous driving functions in 2024, posing a threat to Tesla.