CiDi drives toward IPO, powered by ‘godfather of drones’
The maker of commercial vehicle autonomous driving technology has updated its application to list in Hong Kong, boasting a market value of $1.2 billion Key Takeaways: CiDi Inc. has applied…
Uber’s Chinese robotaxi romance, and Webull’s strong debut
Uber has signed new alliances with Chinese robotaxi operators Momenta and Pony AI, and fortified an existing partnership with WeRide. Why the sudden embrace of Chinese robotaxis? And Webull's stock has charged from the gate with massive gains following its SPAC listing. What's driving this company, which is an unusual hybrid of a U.S.-based business with strong China ties?
BRIEF: Xiaomi renames smart driving function after fatal accident
Xiaomi Corp. (1810.HK) has changed the smart-driving terminology for its SU7 electric vehicle from “smart driving” to “assisted driving” on the product’s pre-order page, following a fiery fatal accident that…
TikTok in limbo, and Xiaomi’s EV crisis
Two prominent Chinese tech giants, TikTok and Xiaomi, currently face separate but equally critical crises, each testing their resilience overseas and at home. While TikTok battles regulatory uncertainty in the U.S. amid national security concerns, Xiaomi is confronting repercussions of a tragic accident involving its electric vehicles and autonomous driving technology.
VIDEO BRIEF: Baidu accelerates in AI as robotaxi service gains speed
Baidu maintained its quarterly revenue at $4.7 billion and its Apollo Go autonomous driving unit logged over 1.1 million rides in the quarter.
BRIEF: Robosense’sloss narrows sharply on strong revenue gains
Light detection and ranging (LiDAR) technology manufacturer Robosense Technology Co. Ltd. (2498.HK) said on Monday it expects to report its revenue last year rose to between 1.63 billion yuan ($225…
BRIEF: Minieye jumps in Hong Kong trading debut
Shares of smart driving and smart cockpit solutions provider Minieye Technology Co. Ltd. (2431.HK), opened up 9.4% in their Hong Kong trading debut on Friday from their offer price of…
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