Transportation

UCAR would divest its entire equity in CAR Inc. if the deal closes.

The startup, valued at USD 400 million last year, submitted the documents to the SEC in secret, according to sources.

Ehang is the world’s first autonomous aerial vehicle company approved to conduct commercial trials of passenger drones for transporting heavy cargo, it says.

The COVID-19 pandemic generated a wave of digitization that left some companies better positioned than others to capitalize.

The firm expects to break its quarterly record for vehicles delivered in the second quarter.

The Apollo Park in Beijing is equipped with facilities to support the full autonomous vehicle development process, from research to testing.

The move comes just after the Internet of Vehicles provider Gosuncn formed a cooperation with Baidu’s rival WeRide.

At China’s most important political event of the year, they called for development in 5G, IoT, and tech education, among other fields.