The launch marks a first milestone for the world’s largest maker of consumer drones in its push into the Chinese EV space.
DeepWay brands itself as China’s first electric vehicle startup that designs autonomous trucks from scratch for freight delivery, rather than something based on an existing truck model with minor changes.
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.
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.
The introduction of Huawei’s automated driving software will test whether the company can provide a competitive edge for partnered EV makers.
Huawei’s rotating chairman said the company is now seeking support and understanding as it “is susceptible to making mistakes” as a newcomer.
Jidu will use the proceeds on research and development as the company aims to unveil a concept car in April.
Xpeng is joining a long list of Chinese tech companies facing a challenging quarter with production cuts and profits squeezed.
The investment in Horizon reflects Chinese automakers’ growing anxiety about the ongoing semiconductor shortage.