Didi and AutoX are trying to elbow further into the crowded AV race led by Pony.ai and Baidu. Shanghai is finally starting testing.
Didi has streamlined its focus on revenue growth and efficiency, while scaling back its bets on non-core projects such as AI Labs.
Chinese mobility service provider Didi Chuxing has reportedly been in talks with Softbank for $300 million in fresh funding for its autonomous driving unit. Why it matters: The investment is a vote of confidence in a Chinese AV startup during a low point in investment activity compounded by the Covid-19 outbreak. China’s deal-making activity for […]