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SenseTime receives C-round financing of $600 million, led by Alibaba Group

BEIJING – SenseTime, China’s leading artificial intelligence (AI) company, announced on April 9 that it has received C-round financing of $600 million, led by Alibaba Group and followed by Singapore Sovereign Wealth Fund Temasek, Suning.com and other top investment institutions and strategic partners, which will provide important impetus to the

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ZF CEO Scheider: China a strong growth market and ZF plans to strengthen all tech components

FRIEDRICHSHAFEN, Germany – China is a strong growth market for ZF and the German tier-1 supplier wants to strengthen its position with all of its technology components, according to Wolf-Henning Scheider. As CEO of ZF since February 1, Scheider made the comments at ZF’s annual press conference here on March 22

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MIIT AI development action plan sets key targets for autonomous driving and ICVs

BEIJING – The Ministry of Industry and Information Technology (MIIT) issued the Three-Year Action Plan to Boost Development of the New-Generation Artificial Intelligence Industry (2018-2020) on December 14, which has set key targets for autonomous driving and intelligent connected vehicles (ICV). According to the Plan, ICVs are the primary target

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Honda signs 5-year deal with China-based SenseTime to develop AI tech for automated driving

TOKYO –Honda R&D Co., Ltd., the R&D subsidiary of Honda Motor Co., Ltd., announced on December  7that it has signed a 5-year joint research and development contract with SenseTime Group Ltd., a China-based IT company with strengths in the area of artificial intelligence (AI) technologies. The agreement is part of

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Bosch breaks ground for Asia Pacific’s first iBooster plant in Nanjing

NANJING – Bosch broke ground here on August 1 for its first plant in the Asia Pacific region to produce iBoosters for electromobility and driver assistance systems. With an investment of €100 million, the new plant with a surface area of approximately 20,000 square meters will begin production in 2019

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See, Think, Act: “New” ZF touts CV driver assistance tech in Aache

AACHEN, Germany – “The truck, coach and off-highway guys get their revenge,” quipped Peter Lake, member of the board of management for ZF Friedrichshafen AG with responsibility for Asia Pacific and corporate market, on the eve of the German supplier’s 2016 Global Press Event held on June 30 at the

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BMW: China to be a leading market for highly automated driving

SHANGHAI – China will be a leading market for the development of highly automated driving, according to Dr. René Weis, senior vice president of R&D Center at BMW China Services Ltd. Weis made the comments while speaking about BMW’s efforts in China in the area of digitalization, automated driving and

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