Uber Technologies plans to invest in Pony AI’s US initial public offering (IPO), which is expected to be priced next week after being upsized by the autonomous driving firm, people familiar with the matter said. San Francisco-based Uber is seeking to buy more than US$10 million of shares in Pony AI’s IPO, the people said, … Read more
Chinese tech giant Baidu said on Tuesday that it has brought down the production cost of its Apollo RT6 self-driving vehicle to 250,000 yuan (US$34,525) per unit, marking a significant step towards making autonomous driving more accessible in China. Speaking at a trade event in Wuhan, capital of central Hubei province, Baidu co-founder, chairman and … Read more
On the western coastline of the southern tech hub, CMG’s port unit has turned Mawan, a terminal that used to handle break bulk cargo of grains and sandstone, into a showcase that features remote-controlled quay cranes, autonomous-driving container trucks and a digitally managed flow of goods. Operating the quay cranes and rubber-tyred gantry cranes used … Read more
Chinese electric vehicle (EV) maker Xpeng has embarked on a new camera-based technology to enhance autonomous driving, fitting it into the P7+ sedan that it plans to launch in the local market starting next month. Its new self-driving system fitted with Eagle Eye hardware and software has proven to be more accurate in information collection, … Read more
Alibaba Cloud, the digital technology backbone of the e-commerce giant, on Friday announced that collaboration, as it unveiled a large multimodal model (LMM) solution for automotive applications that it co-developed with Nvidia and start-up Banma Network Technology, Alibaba’s intelligent cockpit solution provider, at the Apsara Conference that runs until Saturday. Alibaba owns the South China … Read more
Chinese electric vehicle (EV) brand Aito has launched a five-seat SUV with limited autonomous-driving capabilities, as its backer Huawei Technologies accelerates its push into mainland China’s automotive sector. The M9, starting at 469,800 yuan (US$65,981), displays more than 10 years of Huawei’s technology development and paves the way for the company to form partnerships with … Read more
Jiyue, a premium electric vehicle (EV) maker backed by China’s search-engine giant Baidu, is doubling down on autonomous-driving technology as it launches its second model and fights to gain traction in the country’s cutthroat market for battery-powered cars. The Jiyue 07, a fully electric sedan expected to take on Tesla’s Shanghai-made Model 3, will feature … Read more
The map service operated by Baidu reported a brief service breakdown on Wednesday afternoon, according to its users and customer service staff, causing small disruptions to the growing number of smart vehicle operations that rely on the app. The outage was fixed by around 4pm the same day, according to Chinese media National Business Daily. … Read more
WeRide – a Cayman Islands holding company whose operations are mainly conducted by Guangzhou Wenyuan Zhixing Technology and its subsidiaries in mainland China – did not provide the amount of money it aims to raise from the Nasdaq listing, according to its filing with the US Securities and Exchange Commission on Friday. The company, which … Read more
Ford CEO Jim Farley wants the industry to stop viewing hybrid vehicles as only an interim solution to be used until drivers are comfortable going fully electric. “We should stop talking about it as transitional technology,” Farley said of hybrids at a Bernstein analyst conference on Thursday. Plug-in hybrids, which include a small battery that … Read more
