Neolix, a startup developing AVs for delivery services, said on Wednesday it has raised ‘hundreds of millions of RMB’ from Softbank Ventures Asia.
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Self-driving startup Qcraft secures $100 million investment
The two-year-old company plans to expand its test fleet to more than 100 vehicles by year-end.
Xpeng’s first-quarter net loss widens, expects slow second-quarter revenue
Xpeng is joining a long list of Chinese tech companies facing a challenging quarter with production cuts and profits squeezed.
Autonomous car startup Uisee raises $150 million from state-backed fund
Uisee is benefiting from investor interest in Chinese AV startups as the Covid-19 pandemic pushes unmanned transport applications.
Self-driving startup WeRide raised $200 million in Series B1
WeRide, the first testing fully driverless cars on Chinese open roads, is also promising a fully hands-free minibus.
Chinese ride-hailing giant Didi files for US IPO
Didi is among the world’s top five highest-valued unicorns. Its listing could be one of the biggest IPO this year.
AVs in mirror are farther than they appear
Three years ago funding for AVs was a free for all, but now late-stage startups are getting all the attention as the industry matures.
Briefing: Autonomous truck startup TuSimple achieves unicorn status
The logistics industry could see drastic improvements in efficiency should companies adopt self-driving trucks.
Drone maker Ehang sets terms for US IPO, seeking $46 million
The IPO target is half the $100 million placeholder set in October.