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.
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.
Nio on Saturday revealed its second fully electric premium sedan model ET5 to reach a larger customer base.
The companies expect the new models to take a significant share in the Chinese premium EV segment and fulfill their ambitions to establish a “world-class high-end” Chinese car brand.
Geely unveiled a model electric semi-truck that will have highly autonomous driving functions in 2024, posing a threat to Tesla.
The investment in Horizon reflects Chinese automakers’ growing anxiety about the ongoing semiconductor shortage.