ICV
Autonomous driving startup iMotion closes C-round investment
Autonomous driving startup iMotion closes C-round investment

China’s startup autonomous driving solution provider, iMotion, announced the completion of the company’s C-round of financing worth hundreds of millions RMB, led by a mixed ownership reform fund of a special commission of the China State Council.

Oct. 13 , 2021
Baidu Apollo demonstrates autonomous mining truck operation
Baidu Apollo demonstrates autonomous mining truck operation

Baidu Apollo publicly showed its unmanned mining truck achievements with Huaneng Yimin Coal and Electricity Company (Yimin), marking the first machine learning-powered intelligent vehicle application under mining scenario in China.

Oct. 13 , 2021
Former MIIT minister: Chinese companies shall cooperate to overcome chip shortage
Former MIIT minister: Chinese companies shall cooperate to overcome chip shortage

The chip shortage situation should be dealt with domestically by promoting collaborations between local auto companies and ICT enterprises, said Miao Wei, former minister of MIIT.

Oct. 12 , 2021
China’s MEMS developer Asensing finishes C-round investment
China’s MEMS developer Asensing finishes C-round investment

China’s intelligent driving MEMS solution provider, Guangzhou Asensing Technology Co., Ltd. (Asensing), announced the completion of its C round of financing led by Sequoia Capital China.

Oct. 11 , 2021
SemiDrive joins hands with Neusoft for smart cockpit development
SemiDrive joins hands with Neusoft for smart cockpit development

China’s automotive SoC developer, Nanjing SemiDrive Technology Ltd. (SemiDrive), has formed a strategic agreement with Neusoft, China’s leading software company for new-generation intelligent cockpit development.

Oct. 11 , 2021
Xiaomi, Baidu invest in China’s autonomous driving developer G-PAL
Xiaomi, Baidu invest in China’s autonomous driving developer G-PAL

Xiaomi-backed venture capital firm and Baidu associated investment company were recently listed as shareholders to China’s autonomous driving developer, Geometrical Perception and Learning Co., Ltd. (G-PAL).

Oct. 8 , 2021