He reportedly hid code and accepted kickbacks from a classmate during the self-driving company’s $128 million Series A last May.
The Beijing government started granting temporary self-driving permits to mobility companies in March 2018.
The company is focused on developing AI chips for self-driving vehicles and surveillance cameras, among others.
Level 3 systems have been questioned with some test results suggesting human drivers are too trusting.
The Chinese search engine giant seeks to increase its self-driving advantages in the country’s EV consumption boom.
Momenta beat out Pony.ai, which was “close to” the $1 billion mark in July.
The company is aiming for 100 vehicles in China and the US by early next year.
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 […]