ICV
Baidu-backed DeepWay unveils smart heavy truck
Baidu-backed DeepWay unveils smart heavy truck

Baidu-backed truck manufacturer, DeepWay unveiled Xingtu, a new energy heavy-duty truck, today. Xingtu’s debut signifies tech giant Baidu’s accession to the multi-trillion-dollar freight market.

Sep. 18 , 2021
Former MIIT minister: China's 95% auto chips imported from other countries
Former MIIT minister: China's 95% auto chips imported from other countries

Miao Wei said China has headed off a preemptive start in the concept and analysis of automobile connectivity. The unique user-car synergy shall be an advantage of China’s intelligent connected vehicles industry, but it still face challenges.

Sep. 17 , 2021
HUAWEI has invested $1 billion in auto parts R&D this year
HUAWEI has invested $1 billion in auto parts R&D this year

COO of HUAWEI intelligent vehicle solutions business unit (BU), Wang Jun reemphasized “HUAWEI will not make cars, but help automakers produce better cars”, during the 2021 WNEVC (World New Energy Vehicle Congress).

Sep. 17 , 2021
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