Chinese developer of autonomous driving technology DeepRoute has raise

Chinese developer of autonomous driving technology DeepRoute has raised $100 mln

- One of the automobile brands became an investor of the startup - Which company became an investor was not disclosed - DeepRoute plans to accelerate mass adoption of systems - The startup wants to get ahead of Tesla in the important Chinese market - Up to 200 thousand cars may be equipped with the system by the end of 2025 - At the moment the system has been equipped with about 20 thousand cars - DeepRoute technology may be an analog of FSD from Tesla - DeepRoute plans to release 10+ models for customers - In particular, DeepRoute models will be equipped with Smart models - Smart is co-owned by Geely and Mercedes-Benz - The startup makes money on the license for each car - It also plans to generate revenue from the data it collects - One of DeepRoute's investors is China's Alibaba

May Mobility and Mobileye have become Lyft's robotaxi partners

- Lyft wants to catch up with Uber on robotaxi platform adoption - Lyft announced three partnership agreements at once - The partners are three startups: May Mobility, Mobileye and Nexar - All of them should help Lyft gain a foothold in the robotaxi market - The first two startups are developing autonomous technologies - The startup Nexar is producing video recorders - Lyft and May Mobility will l

GM says it has become the second seller of EV cars in the US market

- GM took the second place in the US market in terms of EV-car sales - According to the results of Q3 2024, the company was able to sell 32 thousand units. - The company produces EV-autos under several brands - For example, Chevy Silverado, GMC Hummer, Cadillac Lyriq, etc. - It has sold 370k units in 8 years for North America - At the same time, 300k EV autos were sold in the US market - Tesla is

Chinese developer of autonomous driving technology DeepRoute has raised $100 mln

Recommended

May Mobility and Mobileye have become Lyft's robotaxi partners

GM says it has become the second seller of EV cars in the US market