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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
China’s automotive software market worth $4.09 billion in 2022: CSIA
China’s automotive software market worth $4.09 billion in 2022: CSIA

China’s automotive software market size will see a growth of 23.4% in worth as the market is rapidly expanding with great development potential, an association in China said in a report.

Sep. 28 , 2021
ByteDance makes foray into automotive cloud field
ByteDance makes foray into automotive cloud field

ByteDance, China’s tech company owning the popular video platform TikTok, recently introduced its automotive cloud business and is reportedly in talks with an auto company about intelligent driving cloud services.

Sep. 27 , 2021
MIIT: China’s intelligent vehicle road test mileage surpasses 5 million km
MIIT: China’s intelligent vehicle road test mileage surpasses 5 million km

China had accumulated over 5 million kilometers of testing mileage in over 5000 square kilometers of intelligent connected vehicle testing areas, while the testing demonstration zone is still expanding.

Sep. 27 , 2021