The launch marks a first milestone for the world’s largest maker of consumer drones in its push into the Chinese EV space.
Baidu-backed robotruck startup DeepWay raises $67 million
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.
Bosch to release automated driving software with China’s WeRide in late 2023
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.
Nio says vehicle not at fault in fatal ‘accident’ at Shanghai headquarters
The incident potentially delivers another blow to the company’s reputation following a high-profile accident involving a Nio car last year.
BYD partners with Nuro to build driverless delivery vehicles
BYD partners with US autonomous driving startup Nuro to make electric robocars for goods delivery services.
Huawei-powered Arcfox releases semi-autonomous driving features in Shenzhen
The introduction of Huawei’s automated driving software will test whether the company can provide a competitive edge for partnered EV makers.
Huawei reportedly lowers EV sales goal over supply chain woes
Huawei’s rotating chairman said the company is now seeking support and understanding as it “is susceptible to making mistakes” as a newcomer.
Baidu’s EV project Jidu secures $400 million in Series A
Jidu will use the proceeds on research and development as the company aims to unveil a concept car in April.
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.
Chinese automakers rush to fund domestic chip startups to tackle shortage
The investment in Horizon reflects Chinese automakers’ growing anxiety about the ongoing semiconductor shortage.