China’s autonomous driving enterprises raise multi-billion yuan in financing

Didi Chuxing announced that its self-driving company has completed the first round of financing of more than 500 million US dollars, according to China Securities News, on May 29.
This round of investment was led by SoftBank Vision Fund 2.

Didi Chuxing announced that its self-driving company has completed the first round of financing of more than 500 million US dollars, according to China Securities News, on May 29.

This round of investment was led by SoftBank Vision Fund 2.

After obtaining funds, Didi will increase investment in autonomous driving, vehicle-infrastructure coordination and related AI technologies. It will also explore the regional landing and help the development of local “new infrastructure”.

According to the data from the professional version of Tianyancha, hundreds of tea products in China are labeled as “automatic driving, intelligent driving, and unmanned driving”. These products are mainly distributed in Beijing, Guangdong and Shanghai. The total number of these companies in the three regions accounts for 62.6% of the total number of related companies in the country.

It is worth noting that the innovation capabilities of China’s autonomous driving-related enterprises are also constantly improving.

According to the patent data of the professional version of Tianyancha, there are more than 12,000 patents related to “autonomous driving” or “unmanned driving” in China, of which more than 3,000 patents are newly applied in 2019.

According to the incomplete statistics of Tianyancha data, as of now, there are 30 self-driving companies with financing information in China this year, and the amount of financing is up to tens of billions of yuan.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/29/china-s-autonomous-driving-enterprises-raise-multi-billion-yuan-in-financing/.

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