Baidu's self-driving ride hailing platform Apollo Go is close to break-even and aims to be profitable by 2025.
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Category: Self-driving
Pony.ai plans to issue up to 98,149,500 ordinary shares and list on the Nasdaq or New York Stock Exchange.
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The new funding comes just two months after the previous one of over RMB 100 million, and is one of the few large funding rounds in China's autonomous driving space.
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The R&D center will focus on exploring cutting-edge areas of autonomous driving and introducing customized autonomous driving solutions for the European market and users, Pony.ai said.
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Pony.ai plans to set up a joint venture with South Korea's GemVaxLink in Seoul within the year, which will deploy a fleet of autonomous vehicles in Seoul in the initial phase.
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Haomo's new funding is the first in the autonomous driving space after China’s Lunar New Year holiday, and one of the few large amounts raised in the space during the capital winter of the past couple of years.
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DeepRoute and Tencent have partnered in the mapping space to create smart driving cars that don't come with HD maps.
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The video shows a Nio vehicle traveling to a battery swap station by driving autonomously and driving away after completing the automatic battery swap.
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Nvidia has posted a job ad for its autonomous driving China team, led by former Xpeng smart driving chief Wu Xinzhou.
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Pony.ai's autonomous truck formation is led by an autonomous truck that leads the way for multiple L4 autonomous trucks.
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