Jun
23
Hellobike, Ant Group, CATL join forces on robotaxi venture
(China Daily) Chinese bike-sharing platform Hellobike established a new robotaxi firm on Monday, teaming up with fintech giant Ant Group and electric vehicle battery provider Contemporary Amperex Technology Co Ltd to accelerate the adoption of Level 4 autonomous driving technology.
The three companies have invested more than 3 billion yuan ($417.4 million) in the new firm as an initial investment, Hellobike said in a statement.
With a registered fund of 1.29 billion yuan, the new company located in Shanghai will focus on the research and development of Level 4 autonomous driving technology, safe application and commercialization.
The three companies have invested more than 3 billion yuan ($417.4 million) in the new firm as an initial investment, Hellobike said in a statement.
With a registered fund of 1.29 billion yuan, the new company located in Shanghai will focus on the research and development of Level 4 autonomous driving technology, safe application and commercialization.