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…Kong Stock Exchange. The Guangzhou, China-based automotive company is offering 85 million Class A ordinary shares in its global offering, and it could raise up to $2 billion (U.S.). XPeng said it designs, manufactures, and markets electric vehicles (EVs) to appeal to the large and growing base of middle-class consumers in China. The company is also developing full-stack autonomous driving…
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…test driverless cars in both China and the U.S., today announced that it has closed its $310 million (U.S.) Series C fundraising round. The Guangzhou, China-based company said it plans to use the financing to continue developing and commercializing its autonomous vehicle technology. “WeRide Master Platform, our core autonomous driving technology solution, has helped to accelerate the company’s development,” stated…
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…customers in the U.S. and China this year. In addition, state-owned China FAW Group Co. plans to start mass production of jointly-developed autonomous trucks this quarter, said Plus. The company recently hired Dennis Mooney from Navistar International Corp. and Chuck Joseph from Amazon.com Inc. to help scale up production and promote the adoption of its technology. Startups keep on trucking…
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…Road between Suzhou and Dunhuang, China. Not only could the technology from Plus have a dramatic impact on the $4 trillion global truck freight market, but each truckload is also an opportunity to reduce the burden of trucking on the environment, said the company. Plus is collaborating with truck manufacturers, fleets, and ecosystem partners to develop decarbonization transportation solutions including…
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…addition to testing in Guangzhou, China. The company claimed that it is the first to conduct fully autonomous vehicle testing “across two of the world's most dynamic mobility markets.” “Going completely driverless is key to achieving full autonomy and an indispensable catalyst to realizing our ambitious vision,” said James Peng, founder and CEO of Pony.ai. “As we continue to grow…
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…the competitive threat posed by China. China is poised to dominate the industrial robotics market of the future, due to its national plan for technological supremacy and the billions of dollars its government has invested in critical technologies, compared with the U.S.’s focus on private-sector development. The “Made in China 2025” plan started as a 10-year vision of shifting China…
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…Series D funding. The Shanghai, China-based company said it plans to use the money to continue research and development of optoelectric chips and to scale up production of its hybrid, solid-state lidar to 1 million units. Founded in 2014, Hesai said its goal is to provide high-performance products that can be mass-produced and customized. Its technology includes photoelectric chips, automated…
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…Series D funding. The Shanghai, China-based company said it will work with international partners to form a complete product line, from semiconductors and sensors to manufacturing, for assisted and autonomous driving. Founded in 2013, ZongMu has six research and development centers across China and in Stuttgart, Germany, as well as two factories in China. The company supplies advanced driver-assistance systems…
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…the Huadu District of Guangzhou, China, to invest in self-driving research and development and commercial applications. DiDi, GAC partnership deepens The latest round of financing includes $200 million from Guangzhou Automobile Group (GAC), following the announcement of DiDi's partnership with GAC Aion New Energy Vehicle Co. last month. The companies said they plan to combine DiDi's R&D capabilities with GAC…
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…rivals such as Russia and China are also pursuing semi-autonomous systems, and a new arms race could already be under way. Asymmetrical conflicts have also seen increasing use of technologies such as AI and drones, as demonstrated in Israel's “Iron Dome” air-defense system intercepting six drones during the current hostilities with Hamas. The global market for military robotics will grow…
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…in Shenzhen, Shanghai, and Suzhou, China. MegaRobo focuses on lab automation Traditional industrial robots are designed for highly standardized working environments, where robots are programmed to perform repetitive tasks on the factory floor. MegaRobo claimed that its robots are designed to be easy to use for industries beyond manufacturing. The company said its modular systems integrate machine vision and artificial…
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…Japan, Germany, [the] USA, and China follow up a very different strategic focus.” Global robot densities. Source: International Federation of Robotics East Asian governments focus on innovation The “Made in China 2025” plan has promoted since 2015 robotics innovation and usage across industries, particularly in manufacturing and service applications, said the IFR. Beijing has made no secret of its desire…
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…its offices in Germany, Japan, China, Singapore, Hungary, and North Carolina. “The industry is undergoing a renaissance, and Formlabs is leading the way,” stated Max Lobovsky, co-founder and CEO of Formlabs. “The 3D printing industry market size is expected to reach $51.77 billion by 2026, and Formlabs is the company to drive this growth forward. Where others have promised printers…
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…($78 million U.S.). The Shenzhen, China-based company provides mobile robots for service applications including delivering food in restaurants, monitoring security, and disinfection. PuduTech said it will use its latest funding for technology research, expanding its product line, and developing domestic and foreign markets. The company, which was founded in 2016, noted that half of its 1,000 employees are devoted to…
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…hospitals in countries such as China, Japan, South Korea, Germany, and the U.S. Mech-Mind has more than 350 employees worldwide and said it is committed to helping “clients pioneer the next frontier of manufacturing and democratize access for AI-defined robotics to small, midsize, and large businesses alike.” The recent investment was led by Chinese technology giant Meituan, with participation from…
From geometry preparation to AI-assisted analysis, integrated CFD workflows…
Software-based GripperAI manages mixed picking through basic geometry
Safety, communication and motion control components enable smooth operation
North America’s largest robotics and automation event winds down
