Meituan announced Tuesday that it has received an additional $400 million from Tencent. Tencent increased its share of the local services giant from 17% to 17.2%. Meituan will use the proceeds for technological innovations such as unmanned vehicles and delivery drones. [iFeng, in Chinese]
Search results
Posted inOn the Cusp
China’s Pony.ai nabs $400 million in new funding from Toyota
Toyota’s investment in four-year-old Pony.ai is the single largest investment in a Chinese AV company, and comes amid a funding downturn in Asia.
Posted inHeavy Hitters
Nio says vehicle not at fault in fatal ‘accident’ at Shanghai headquarters
The incident potentially delivers another blow to the company’s reputation following a high-profile accident involving a Nio car last year.
Posted inHeavy Hitters
Chinese drone maker DJI will soon see its in-car system in a mass-produced EV
The launch marks a first milestone for the world’s largest maker of consumer drones in its push into the Chinese EV space.
Posted inThe Numbers
Xpeng’s first-quarter net loss widens, expects slow second-quarter revenue
Xpeng is joining a long list of Chinese tech companies facing a challenging quarter with production cuts and profits squeezed.
Posted inOn the Cusp
Qcraft partners with T3 to expand self-driving robotaxi service
The partnership is the latest example of driverless tech firms rushing to work with more consumer-facing companies.
Posted inHeavy Hitters
Huawei reportedly lowers EV sales goal over supply chain woes
Huawei’s rotating chairman said the company is now seeking support and understanding as it “is susceptible to making mistakes” as a newcomer.
Posted inHeavy Hitters
INSIGHTS | We tested Huawei’s operating system on a new Chinese electric vehicle
TechNode China had a chance to test drive an EV, co-developed by Huawei and automaker Seres. Here are our takeaways.
Posted inUp and Comers
Lidar startup Innoviz partners with Chinese truck maker on port loaders
Softbank-backed Innoviz is working with Shaanxi Heavy Duty Automobile to deploy a solid-state Lidar sensor in autonomous trucks on one of China’s biggest ports.
Posted inHeavy Hitters
Baidu’s EV project Jidu secures $400 million in Series A
Jidu will use the proceeds on research and development as the company aims to unveil a concept car in April.
