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Alibaba’s Cainiao Network and RoboSense announce world’s first solid-state LiDAR unmanned logistics vehicle

HANGZHOU – Alibaba Group’s Cainiao Network and RoboSense, a Shenzhen-based LiDAR supplier, jointly released the G Plus, the world’s first solid-state LiDAR unmanned logistics vehicle, at the Network’s 2018 Global Smart Logistics Summit (GSLS) held here on May 31. The key feature of the newly announced G Plus driverless delivery

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Xpeng Motors debuts G3 smart EV at CES 2018, to focus on autonomous driving catered to “Asian style” driving

[ UPDATE ] Xpeng Motors announced on January 29 that it has received a B-round financing of ¥2.2 billion co-led by Alibaba Group, Foxconn Technology Group and IDG Capital that will be used towards research and production costs. LAS VEGAS – Chinese smart EV startup Xpeng Motors debuted its ready-to-sell production

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Go deeper: Ford’s new localization efforts in China much more than products

From L3: Jason Luo, Chairman and CEO, Ford China, Bill Ford, Ying Jianren, Chairman of the board, Tech-New Group, Jim Hackett, Peter Fleet, Jin Zheyong, Chiarman of the board, Zotye Auto If China’s auto industry is a poker game, then Ford is going all in. It was a busy week in early

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SouChe raises $335 million Series E round led by Alibaba

HANGZHOU – SouChe, China’s leading online automobile transaction platform, announced recently that it has closed its $335 million Series E funding round led by Alibaba with participation from Warburg Pincus, Primavera Capital and CMB International. The latest financing round comes less than 12 months from the $100 million Series C

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Chang’an and Alibaba reach strategic cooperation on smart telematics

HANGZHOU, Zhejiang – Chang’an Automobile Co., Ltd. and Alibaba signed a strategic cooperation agreement in Hangzhou on October 13 on the sidelines of Alibaba’s 2017 Computing Conference to jointly promote scientific and technological innovation and strategic development in vehicle telematics. Through the cooperation, Chang’an is expected to benefit from the

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China to step up autonomous driving efforts

Chinese internet search and tech giant Baidu detailed its Project Apollo at the Baidu Create 2017, or its first artificial intelligence (AI) developer conference held in Beijing on July 5 (see FEATURE on p. 1). Video clips displayed at the event showed its CEO Robin Li riding in an autonomous

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Bosch reports record sales in China in ’16, expects market to grow 5 percent in ’17

SHANGHAI – Bosch expects China’s auto market to grow 5 percent this year and its own business to continue to outpace industry growth, according to Chen Yudong, president of Bosch (China) Investment Co., Ltd. Chen made the comments while speaking to CBU/CAR on the sidelines of the Bosch China Annual

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