ICV
Hunan set to expand intelligent connected vehicle market share to 70% by 2025
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 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 sources told a local media outlet on March 14th.

Mar. 15 , 2022
Shanghai-based V2X developer PATEO bags RMB300 million, with IPO coming soon
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
Pony.ai completes D round, valuation reaches $8.5 billion
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. 7 , 2022
Tencent teams up with China’s Automotive Data Center for ICV development
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. 7 , 2022
IoT developer RT-Thread launches automotive OS strategy, software platform
IoT developer RT-Thread launches automotive OS strategy, software platform

On March 1st, China’s leading IoT operating system developer, RT-Thread, introduced its automotive OS strategy and launched an automotive software platform named Chengxuan.

Mar. 3 , 2022