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Autonomous Driving Startup WeRide Sets Nasdaq IPO Pricing at USD 15.50
WeRide, 10/25/24
Guangzhou-based autonomous driving start-up WeRide (Nasdaq: WRD) today announced the pricing of its initial public offering of 7,742,400 American depositary shares ("ADSs") at a price to the public of USD 15.50 per ADS. Read More
Baidu Posts Q1 2019 Net Loss of RMB 327 Mln
Baidu, 5/16/19
Chinese search engine operator and AI technology developer Baidu (Nasdaq: BIDU) today announced its unaudited financial results for the first quarter ended March 31, 2019. Read More
Baidu, FAW to Jointly Launch L4 Autonomous Passenger Car by End of 2019
Baidu, 11/01/18
Robin Li, CEO of Baidu (Nasdaq: BIDU), announced today at the annual Baidu World event in Beijing that the Chinese internet giant plans for volume production of China’s first Level 4 (L4) Hongqi autonomous driving passenger vehicle in collaboration with Chinese automaker FAW Group, collaboration with Chinese-owned Swedish car manufacturer Volvo to jointly develop electric cars with full autonomous capabilities for the China market, and plans for autonomous driving taxis. Read More
Autonomous Cargo Vehicle Maker Fabu Wins Investment from Sinovation
36Kr.com, 6/12/18
Hangzhou-based autonomous cargo vehicle developer Fabu Technology recently gave an update on its technology progress and future plans, and confirmed new investment from Sinovation Ventures. Read More
Tencent Tests Delivery Robot
Sina Tech, 6/11/18
Chinese internet conglomerate Tencent (0700.HK) has launched an applet for "WePost," an express delivery/logistics service. Read More
Baidu, Panda Car Jointly Launch Shared Autonomous Vehicle Pilot in Chongqing
Tencent Tech, 5/24/18
Chinese internet company Baidu (Nasdaq: BIDU) and Chongqing-based new energy car rental app operator Panda Car Rental have launched China's first shared autonomous vehicle pilot program in Chongqing. Read More
Autonomous Vehicle Solutions Firm Roadstar.ai Wins USD 128 Mln Series A
36Kr.com, 5/15/18
Shenzhen-based Level 4 self-driving vehicle solutions developer Xingxing Technology (Roadstar.ai) announced today the completion of USD 128 mln in Series A funding (approximately equivalent to RMB 812 mln) jointly led by Wu Capital and Shenzhen Capital Group and with participation from previous investor Yunqi Partners and new participants CMB International and Vision Plus Capital. Read More
Didi Chuxing Wins Autonomous Vehicle Testing License in California
Tencent Tech, 5/14/18
Chinese taxi booking and car hire service app Didi Chuxing's US-based research institute Didi Labs has secured a license for autonomous driving road tests, according to a list recently released by California's Department of Transportation. Read More
Electric Car Maker CHJ Automotive Wins RMB 3 Bln Series B
36Kr.com, 3/22/18
Beijing-based automobile startup CHJ Information Technology (CHJ Automotive) has announced the recent completion of RMB 3.0 bln in Series B funding from Matrix Partners China and a new energy fund in Shougang Fund's portfolio. Read More
Driverless Truck Technology Developer TuSimple Wins USD 55 Mln Series C
36kr.com, 11/21/17
Beijing-based driverless truck technology developer Tusen Weilai Technology (TuSimple) has announced completion of USD 55 mln in Series C funding led by Hong Kong-based Composite Capital, with participation from Chinese internet company Sina (Nasdaq: SINA) and Zhiping Capital. Read More
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