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Baidu Apollo's founding member joins local autonomous driving startup Pegasus
Baidu Apollo's founding member joins local autonomous driving startup Pegasus

On March 30th, China’s young autonomous driving startup, Pegasus, announced that the former vice president of Baidu, Wang Jing’ao joined the company as its co-founder and CTO.

Mar. 30 , 2022
China's commercial vehicle intelligent driving developer Soterea lands RMB1.3 billion in B round
China's commercial vehicle intelligent driving developer Soterea lands RMB1.3 billion in B round

On March 28th, China’s commercial vehicle intelligent driving developer, Soterea, announced the completion of its Series B investment round, raising over RMB1.3 billion.

Mar. 29 , 2022
China encourages companies to develop flying cars
China encourages companies to develop flying cars

On March 28th, China’s Ministry of Transportation and the Ministry of Science and Technology issued a guideline for technology development in the transportation field, encouraging the development of “flying cars” within the country.

Mar. 29 , 2022
China's intelligent driving startup iMotion completes C+ round, eyes IPO
China's intelligent driving startup iMotion completes C+ round, eyes IPO

China’s intelligent driving startup iMotion has received over a hundred million RMB in its C+ round of financing, led by iFlytek and China Merchant Group’s startup funds.

Mar. 28 , 2022
Pony.ai joins hands with NavInfo to advance intelligent driving technologies
Pony.ai joins hands with NavInfo to advance intelligent driving technologies

On March 28th, China’s autonomous driving company, Pony.ai has partnered up with local navigation giant, NavInfo, to advance the current autonomous driving technologies.

Mar. 28 , 2022
Zongmu Tech raises RMB1 billion in Series E, to build industrial park in Zhejiang
Zongmu Tech raises RMB1 billion in Series E, to build industrial park in Zhejiang

China’s autonomous driving startup Zongmu Tech announced the completion of its Series E investment round on March 28th, raising over RMB1 billion ($157.09 million).

Mar. 28 , 2022