Autonomous Vehicles

Only two weeks ago, Xpeng Motors raised USD 500 million from investors including Hillhouse Capital.

The move follows EV maker Li Auto’s strong Nasdaq debut.

Li Auto is the second China-based EV maker to go public in the US, following Nio.

In its push towards the Internet of Vehicles, Tencent has teamed up with more than 30 automakers including Mercedes-Benz, Changan, and Geely.

The tests will begin in and around Munich with plans to expand to other areas.

TuSimple will start commercializing its autonomous driving technologies; it is already providing transportation services for companies like UPS and US Postal Service.

Huawei has been leveraging its 5G expertise to develop autonomous driving technology.

The company has delivered 10,473 electric SUVs by the end of June since last November.