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Automotive solution provider Neusoft Reach banks RMB650 million
Automotive solution provider Neusoft Reach banks RMB650 million

China’s software giant, Neusoft, announced an RMB650 million ($101 million) worth of investment received by its subsidiary, Neusoft Reach , completing the branch’s first round of financing for business expansion.

Oct. 12 , 2021
HOZON Auto partners with China’s AI company SenseTime
HOZON Auto partners with China’s AI company SenseTime

HOZON Auto, the Chinese auto startup owning the NEV brand NETA, announced a strategic partnership with SenseTime, China's leading artificial intelligence technology developer for intelligent driving and smart cockpit development.

Oct. 12 , 2021
Navigation solution provider NavInfo to make a turnaround in Q3 results
Navigation solution provider NavInfo to make a turnaround in Q3 results

China’s smart mobility solution provider NavInfo is projected to grasp an increase in revenue of the first three quarters this year, with the third quarter’s performance being extra prominent, the company forecasted.

Oct. 12 , 2021
ByteDance, Xiaomi-backed Shunwei Capital invest in autonomous industrial vehicle developer
ByteDance, Xiaomi-backed Shunwei Capital invest in autonomous industrial vehicle developer

China's automated guided industrial vehicles developer, VisionNav Robotics, has completed its C-round of financing with participants including ByteDance, Xiaomi-backed Shunwei Capital, and other major ventures.

Sep. 30 , 2021
Continental, Horizon Robotics to set up joint venture for commercializing auto AI technology
Continental, Horizon Robotics to set up joint venture for commercializing auto AI technology

The joint venture will be located in Jiading District, Shanghai and will have about 200 employees.

Sep. 29 , 2021
Alibaba developing L4 autonomous truck
Alibaba developing L4 autonomous truck

Alibaba is developing and testing its L4 autonomous truck for city logistics based on the large-scale application of its last-mile logistics vehicle, according to a company executive.

Sep. 28 , 2021