- Hunan set to expand intelligent connected vehicle market share to 70% by 2025
The Industry and Information Technology Department of Hunan Province recently issued its 14th five-year plan (2021-2025) on local intelligent connected automobile industry development.
Mar. 16 , 2022
- China likely to be second country to recognize L3 autonomous vehicles after Germany
China local authorities are said to recognize autonomous driving vehicles as part of the open road traffic participants, therefore issuing L3 autonomous vehicles with official license plates, reliable...
Mar. 15 , 2022
- Shanghai-based V2X developer PATEO bags RMB300 million, with IPO coming soon
China’s V2X explorer, PATEO, recently received RMB300 million strategic investment from the government-backed Shanghai Guosheng Capital while preparing for an IPO.
Mar. 14 , 2022
- Baidu becomes shareholder to local LiDAR supplier ZVision
China’s tech giant, Baidu, and CICV were newly added as shareholders to local MEMS LiDAR supplier, ZVision, on March 8th.
Mar. 10 , 2022
- FAW Group pours hundreds of millions of RMB to chip developer SiEngine
China’s major auto player, FAW Group, recently invested hundreds of millions of yuan to local automotive chip developer, SiEngine, the latter announced on March 9th.
Mar. 09 , 2022
- Holomatic nabs hundreds of millions yuan from GAC Group, cooperated models coming in 2022
China’s autonomous driving company, Holomatic, has recently received hundreds of millions of yuan from GAC Capital as an exclusive strategic investment.
Mar. 07 , 2022
- Pony.ai completes D round, valuation reaches $8.5 billion
On March 7th, China’s autonomous driving developer, Pony.ai announced the completion of its Series D financing round, raising its total valuation to $8.5 billion.
Mar. 07 , 2022
- Tencent teams up with China’s Automotive Data Center for ICV development
China’s tech giant, Tencent, announced on March 5th that it had inked a cooperation agreement with China’s Automotive Data Center (ADC) for intelligent connected vehicle technology development.
Mar. 07 , 2022
