The Beijing-based company has been backed by a list of prominent investors, and is among several players to test autonomous vehicle systems for hauling freight at domestic harbors.
The release of China’s first guidelines for commercial services of robotaxis could establish a state framework for self-driving tech.
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.
This is the latest example of German auto firms strengthening their in-car software offerings in the face of competition from Tesla and local peers like Huawei.
Jidu will use the proceeds on research and development as the company aims to unveil a concept car in April.
The partnership is the latest example of driverless tech firms rushing to work with more consumer-facing companies.
The investment in Horizon reflects Chinese automakers’ growing anxiety about the ongoing semiconductor shortage.
Xpeng Motors led a investment in Zvision Technologies, a Chinese startup that makes lidar sensors for self-driving cars.
Automakers in China is struggling to regain the momentum lost during a citywide lockdown in Shanghai that began in late March.