ICV
Yizhuang-backed AICC to introduce automotive brain iVBB2.5 by end of the year
Yizhuang-backed AICC to introduce automotive brain iVBB2.5 by end of the year

On March 16th, Beijing Yizhuang District-backed automotive intelligence company, AICC, announced that it would introduce its newest iVBB2.5 (intelligent vehicle base brain) version by the end of the year.

Mar. 17 , 2022
Hunan set to expand intelligent connected vehicle market share to 70% by 2025
Hunan set to expand intelligent connected vehicle market share to 70% by 2025

The Industry and Information Technology Department of Hunan Province recently issued its 14th five-year plan (2021-2025) on local intelligent connected automobile industry development.

Mar. 16 , 2022
China likely to be second country to recognize L3 autonomous vehicles after Germany
China likely to be second country to recognize L3 autonomous vehicles after Germany

China local authorities are said to recognize autonomous driving vehicles as part of the open road traffic participants, therefore issuing L3 autonomous vehicles with official license plates, reliable sources told a local media outlet on March 14th.

Mar. 15 , 2022
Holomatic nabs hundreds of millions yuan from GAC Group, cooperated models coming in 2022
Holomatic nabs hundreds of millions yuan from GAC Group, cooperated models coming in 2022

China’s autonomous driving company, Holomatic, has recently received hundreds of millions of yuan from GAC Capital as an exclusive strategic investment.

Mar. 7 , 2022
Pony.ai completes D round, valuation reaches $8.5 billion
Pony.ai completes D round, valuation reaches $8.5 billion

On March 7th, China’s autonomous driving developer, Pony.ai announced the completion of its Series D financing round, raising its total valuation to $8.5 billion.

Mar. 7 , 2022
Tencent teams up with China’s Automotive Data Center for ICV development
Tencent teams up with China’s Automotive Data Center for ICV development

China’s tech giant, Tencent, announced on March 5th that it had inked a cooperation agreement with China’s Automotive Data Center (ADC) for intelligent connected vehicle technology development.

Mar. 7 , 2022