ICV
SAIC invests in Momenta’s new funding round
SAIC invests in Momenta’s new funding round

According to local media outlet Xchuxing, Momenta has completed another new round of financing, led by General Motors which invested a total of $400 million.

Sep. 16 , 2021
Former manager of Microsoft Research Asia said to lead Baidu auto team
Former manager of Microsoft Research Asia said to lead Baidu auto team

The senior principal research manager of Microsoft Research Asia (MSRA) and scholar in the computer vision and deep learning field, Wang Jingdong, has left MSRA and joined Baidu.

Sep. 15 , 2021
Geely invests US$50 million in tech company ECARX
Geely invests US$50 million in tech company ECARX

Under the agreement, Geely will invest about US$50 million for the tech company’s 1.51% stake via leading ECARX’s B funding round.

Sep. 8 , 2021
SenseTime files for IPO in Hong Kong
SenseTime files for IPO in Hong Kong

The Chinese artificial intelligence company SenseTime filed for its IPO in Hong Kong Stock Exchange on August 27th, with CICC , Haitong International and HSBC as its co-sponsors.

Aug. 30 , 2021
SAIC Motor sets up CV smart driving tech company
SAIC Motor sets up CV smart driving tech company

On August 26, SAIC Motor announced the foundation of a commercial vehicle (CV) intelligent driving technology company dubbed Shanghai Youdao Zhitu Technology Co.,Ltd., which will be located in Lin-gang Special Area.

Aug. 27 , 2021
OPPO invests in NavInfo’s auto MCU subsidiary
OPPO invests in NavInfo’s auto MCU subsidiary

As new players of automotive industry, OPPO has reportedly applied for many patents in autonomous driving, vehicle connectivity, and vehicle control as well as establishing partnership with such automakers as Li Auto, SAIC, NIO, BYD, Changan.

Aug. 27 , 2021