ICV
FAW Group boosting demonstration of Hongqi intelligent cars
FAW Group boosting demonstration of Hongqi intelligent cars

FAW Group is vigorously pushing ahead with the construction of the second phase of its intelligent-connected vehicle pilot project in Changchun, the capital of Jilin province.

Aug. 20 , 2021
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 Apollo L4 autonomous cars accumulate over 12 million-km road tests by H1 2021
Baidu Apollo L4 autonomous cars accumulate over 12 million-km road tests by H1 2021

Baidu’s Apollo Level 4 autonomous driving cars have driven for over 7.5 million miles (around 12 million kilometers) in road tests by June 2021, which were 152% more than the mileages achieved by the year-ago period.

Aug. 13 , 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