The investment in Horizon reflects Chinese automakers’ growing anxiety about the ongoing semiconductor shortage.
WeRide’s expanded partnership with automaker GAC is the latest example of the startup branching out to work with more companies as it develops self-driving vehicles and related services.
There might be greater supply than demand in the Chinese EV market this year, UBS analyst Paul Gong said.
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.
Didi is among the world’s top five highest-valued unicorns. Its listing could be one of the biggest IPO this year.
The recall raises questions about the carmaker’s future in the Chinese market. The company’s prestigious image has soured quickly in China.
Autonomous driving technologies are the most crucial part of intelligent and electric vehicles, president Wang said.
A management reshuffle signals commitment as Huawei tries to break into the fast-growing autonomous and electric vehicle sector.
SAIC is among a list of state-backed automotive majors shifting towards startup chipmaker Horizon Robotics as a domestic substitute for global suppliers.