Chinese self-driving car startup Deeproute announced Tuesday that it had raised more than $300 million in a Series B led by Alibaba.
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.
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.
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.
The idea of building an on-demand ride-hailing service for the skies is gradually getting off the ground in China.
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.