“The window of opportunity is fleeting. More efforts need to be made to push forward legal reform and open bottleneck on AVs,” Li added.
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 US autonomous driving startup Nuro to make electric robocars for goods delivery services.
The incident potentially delivers another blow to the company’s reputation following a high-profile accident involving a Nio car last year.
Jidu will use the proceeds on research and development as the company aims to unveil a concept car in April.
Huawei’s rotating chairman said the company is now seeking support and understanding as it “is susceptible to making mistakes” as a newcomer.
The introduction of Huawei’s automated driving software will test whether the company can provide a competitive edge for partnered EV makers.
The investment in Horizon reflects Chinese automakers’ growing anxiety about the ongoing semiconductor shortage.
There might be greater supply than demand in the Chinese EV market this year, UBS analyst Paul Gong said.