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Topic: China


GM Invests $300M in Momenta to Deploy Self-Driving Technologies in China
As part of its global strategy toward electric and autonomous vehicles, General Motors is investing in Momenta, a Chinese developer of self-driving software.

Agile Robots Raises Series C Funding, Claims to Be First Unicorn in Field
Agile Robots, which has headquarters in Munich and Beijing, has developed software and hardware and said it is the first intelligent robotics company worth $1 billion.

Xiaomi Acquires DeepMotion as It Moves Into Automotive Sector
Xiaomi has reported record Q2 revenue and is diversifying from consumer electronics into electric and autonomous vehicles with its purchase of Deep Motion Technology.

Qcraft Raises $100M Series A Funding for Autonomous Shuttle Bus Development
Qcraft, which is developing a full stack of autonomous vehicle technology using simulation and 5G technologies, is planning to deploy more 'Dragon Boat' buses.

ABB Acquires ASTI Mobile Robotics Group to Broaden Automation Portfolio
Industrial automation provider ABB plans to acquire logistics firm ASTI, adding autonomous mobile robots to its portfolio, with facilities in Spain and China.

Geek+ Opens Global R&D Center for Logistics Automation at Hong Kong Science Park
Geek+, which provides mobile robots for a variety of industrial applications, said its new Global R&D Center in Hong Kong reflects its ongoing commitment to innovation.

Freetech Raises $100M Series A Funding to Produce ADAS, Autonomous Driving
Freetech Intelligent System is developing perception for ADAS and autonomous cars and shuttle buses. The company plans to use its funding to move into mass production.

WeRide Closes $310M Series C Round for Robotic Taxis, Buses
WeRide, whose Master Platform powers its robotaxis and Mini Robobus vehicles, has received funding from Nissan and others, bringing its valuation to $3 billion.

ZongMu Raises $190M Series D for Autonomous Driving and Parking
ZongMu Technology, which supplies advanced driver-assist systems and autonomous parking capabilities to Chinese automakers, is valued at $11 billion.

AutoX and Honda China Collaborate on Autonomous Vehicle Testing on Public Roads
AutoX, which is already offering robotaxi services in China, is working with Honda China to continue self-driving car development.

Robotics Can Boost Business Recovery From COVID-19, Says IFR President
Despite challenges from international trade and the COVID-19 pandemic, now is the best time for businesses to adopt automation, says IFR President Milton Guerry.

Manufacturing in the USA vs. China: AI could be the tipping point
High labor cost and quick time-to-market have driven U.S. manufacturers to be more aggressive with the adoption of industrial artificial intelligence (AI) solutions.


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