BAIC wants to drive along a different road

The Chinese government's encouragement for autonomous driving and alternative vehicles has put pressure on traditional auto manufacturers.

BAIC wants to drive along a different road

Chinese state-backed car manufacturer BAIC Group has joined the first round of fundraising for RoboSense, a manufacturer of autonomous driving light-detection-and-ranging LiDAR products. The startup raised Rmb300 million $45 million from BAIC along with Alibaba’s logistics affiliate Cainiao and SAIC Group, another state-owned car company.

Proceeds will be used to develop solid-state LiDAR as well as related chips and AI algorithms. LiDAR is a remote sensing method that can be...

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