The brand has recently been revived as part of a national push to promote homegrown products.
Momenta beat out Pony.ai, which was “close to” the $1 billion mark in July.
The companies aim to develop level four autonomous driving capabilities.
The search engine giant plans to deploy a fleet of 100 autonomous vehicles in Changsha by 2019.
Authorities revealed that over 90 companies have applied for licenses to test their vehicles on public roads.
Joining hands with Chinese tech giant Baidu, Beijing Environmental Equipment Company, a subsidiary of Beijing Environmental Hygiene Group, launched seven autonomous driving vehicles for urban environment cleaning, local media is reporting. Based on Baidu’s open-source autonomous driving platform Apollo, the seven autonomous driving vehicles launched on September 28 are designed to fulfill various tasks in urban city […]
Robin Li said at the conference that internet-based strategy is outdated.
Autonomous truck technology firm TuSimple has been permitted to operate its vehicles on public roads.
The real draw is likely China’s rising autonomous vehicle industry.
Over the weekend, Chinese self-driving startup JingChi’s (景驰科技) co-founder Pan Sining accused CFO Lu Qing and others of forging signatures in shareholder’s meetings and illegally removing him from his positions as executive director and statutory representative, local media has reported. Pan wrote in a post on his official social media account demanding a response from […]