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Chinese self-driving solution provider QCraft raises $100 million in series A+ funding
Chinese self-driving solution provider QCraft raises $100 million in series A+ funding

Chinese autonomous driving startup Qcraft announced on Monday it closed the A+ round financing with $100 million raised.

Aug. 16 , 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 Z-ONE, SemiDrive team up on chip development, customization
SAIC Z-ONE, SemiDrive team up on chip development, customization

SAIC Z-ONE, the software arm of SAIC Motor, announced on August 2 the strategic partnership it formed with Chinese automotive SoC (system-on-chip) developer SemiDrive for the joint development and customization of chips.

Aug. 3 , 2021
Horizon Robotics launches Journey 5 chip for smart driving
Horizon Robotics launches Journey 5 chip for smart driving

Beijing-based AI solution provider Horizon Robotics launched on July 29 its new-generation smart driving chip “Journey 5”.

Jul. 29 , 2021
SAIC Motor’s software arm teams up with iFLYTEK for AI, SOA, big data businesses
SAIC Motor’s software arm teams up with iFLYTEK for AI, SOA, big data businesses

On July 28, SAIC Z-ONE inked a framework agreement with the Chinese leading AI and speed technology company iFLYTEK to carry out strategic cooperation on AI technology, SOA, platform, intelligent hardware, voice technology, and big data.

Jul. 28 , 2021