“The window of opportunity is fleeting. More efforts need to be made to push forward legal reform and open bottleneck on AVs,” Li added.
The release of China’s first guidelines for commercial services of robotaxis could establish a state framework for self-driving tech.
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.
Jidu will use the proceeds on research and development as the company aims to unveil a concept car in April.
Jidu plans to launch the standard version next April, which CEO told TechNode could be “very competitive” on price.
Automakers in China is struggling to regain the momentum lost during a citywide lockdown in Shanghai that began in late March.