ICV
Chinese self-driving startup FABU.AI secures 100 million yuan in Series B+ funding
Chinese self-driving startup FABU.AI secures 100 million yuan in Series B+ funding

FABU.AI, a Chinese autonomous driving startup, announced on August 19 it has banked 100 million yuan in Series B+ funding round from Cowin Capital and DYEE Capital.

Aug. 19 , 2021
Chinese self-driving startup Neolix closes B round financing led by SoftBank Ventures Asia
Chinese self-driving startup Neolix closes B round financing led by SoftBank Ventures Asia

Neolix Autonomous Vehicle, a driverless delivery vehicle startup in China, has raised hundreds of millions of yuan in the series B fundraising, the company announced on August 8.

Aug. 18 , 2021
Baidu unveils first robocar
Baidu unveils first robocar

The robocar has no steering wheel as the tech giant envisions that future vehicles will be more like robots.

Aug. 18 , 2021
Guangdong eyes over 1.1 trillion yuan in annual revenue of auto manufacturing industry by 2025
Guangdong eyes over 1.1 trillion yuan in annual revenue of auto manufacturing industry by 2025

China's Guangdong Province expects the annual revenue of its automobile manufacturing industry to surpass 1.1 trillion yuan ($169.617 billion) by 2025.

Aug. 10 , 2021
SAIC Motor forms tie-up with ZTE for ‘software-defined’ vehicles
SAIC Motor forms tie-up with ZTE for ‘software-defined’ vehicles

SAIC Motor recently signed a framework agreement with ZTE Corporation for the strategic collaboration on building “software-defined” vehicles.

Aug. 9 , 2021
Horizon Robotics to co-develop smart driving solutions with self-driving startup Nullmax
Horizon Robotics to co-develop smart driving solutions with self-driving startup Nullmax

Chinese AI chip developer Horizon Robotics and Shanghai-headquartered autonomous driving startup Nullmax entered into a strategic partnership on August 6 to co-develop the solutions for intelligent driving applications.

Aug. 9 , 2021