The first Acer U5 will be delivered to kuaibao, and the "optical storage and charging inspection" overcharge station of Acer will be launched at the end of August

L3 Advanced Autonomous Driving Application Raises Demand for Vehicle-mounted LiDAR

As the industry increases its focus on improving vehicle assistance features, we believe in 2022, China's automatic driving market will reach a higher L3 level, in which LiDAR demand will ramp up. This article covers the forecast of vehicle-mounted LiDAR’s market size, the industry trend of vehicle-mounted LiDAR, commercialization barriers, and potential opportunities in the Chinese market. This article also brings you insights from LiDAR executives and its suppliers.

Autonomous Driving Company Xingshen Intelligent Tech. Completed an A+ Round of Financing

The autonomous driving solution provider, Xingshen Intelligent Technology Co., has recently closed the A+ round of funding. The funds would be mainly used for R&D, sales and marketing, and other business-related aspects

Automaker Chery has Reached Strategic Cooperation with AI Technology Firm iFlytek

Chery and iFlytek signed a comprehensive strategic cooperation framework agreement on August 5.

CATL Pauses US Battery Plant Plan Amid Continued Tensions Between China and the U.S.

A global power battery leader from China, CATL, has postponed the US Battery Plant Plan; a rumored reason is the influence of ongoing tensions between the world’s two largest economies.

Changan-backed Avatar Technology Completes Series A financing Totaling CNY 10 bn

Avatar Technology closed its Series A round of financing led by NGDF with a total valuation of nearly CNY 10 billion.