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.
China’s leading search engine Baidu is rushing to lead the race in popularizing driver-assistance features on consumer cars.
Baidu on Thursday unveiled a new robotaxi model, called Apollo Moon, with a manufacturing cost significantly lower than competitors.
Automakers in China is struggling to regain the momentum lost during a citywide lockdown in Shanghai that began in late March.
While Chinese companies won’t be the first to deliver road-ready lidar systems, they could be the first to do it at a practical price.
Big auto and big tech announced EVs at Auto Shanghai 2021, putting pressure on young EV upstarts.
The Chinese search engine giant seeks to increase its self-driving advantages in the country’s EV consumption boom.
Baidu earned a neat three percent bump in stock prices on Thursday after they recorder higher-than-expected revenues. One project that they’ll be spending the cash on is their driverless car unit, a research and development effort spanning between the U.S. and China. “We believe that the automobile is the next major computing platform,” said CEO Robin Li during […]