Author: Andrew Xu

Xpeng has completed the first order in the closed beta of its robotaxi service, marking another milestone in the company’s effort to commercialize autonomous ride-hailing technology. Chairman and Chief Executive He Xiaopeng became the first passenger to use the service and shared the experience in a post on Weibo. “Very happy to be the first user in our robotaxi closed beta,” He said. “Downstairs from the office, I placed the order, got in, took my seat, and set off — the whole process was seamless.” According to He, the demonstration marked the first time Xpeng had connected the complete process…

Shares of Eacon Mining Technology rose on their Hong Kong Stock Exchange debut after the autonomous mining technology provider completed an initial public offering that attracted strong investor demand. The stock opened at HK$91, about 3.5% above its offer price of HK$87.92. During Wednesday trading, the shares climbed further to HK$100.60, representing a gain of about 14.3%, giving the company a market capitalization of approximately HK$14.8 billion. Eacon offered around 26.13 million shares in its global offering, raising approximately HK$2.3 billion in gross proceeds and about HK$2.18 billion in net proceeds. IPO Attracts Institutional Investors According to the company, the…

Seyond reported a sharp increase in LiDAR shipments during the second quarter of 2026, driven by rapid demand for its Robin series as advanced driver assistance systems continue to gain wider adoption in China’s automotive market. According to a filing with the Hong Kong Stock Exchange, the company shipped approximately 271,100 LiDAR units during the quarter, representing a 385% increase from a year earlier and a 49% rise compared with the first quarter. Robin Series Drives Shipment Growth The Robin series accounted for the majority of quarterly deliveries, with shipments reaching approximately 191,600 units. That represented year-on-year growth of more…

Xpeng has unveiled X-Mind, a new artificial intelligence framework designed to enhance autonomous driving by enabling vehicles to predict how surrounding traffic conditions may evolve before executing driving decisions. The company introduced the technology during the Foundation Model Workshop at the Computer Vision and Pattern Recognition (CVPR) conference held in Denver this month. X-Mind forms the latest component of Xpeng’s Physical AI research programme, joining the previously announced X-World and X-Foresight models. AI Model Simulates Future Driving Scenarios Unlike conventional autonomous driving systems that primarily react to real-time sensor inputs, X-Mind introduces what Xpeng describes as a visual chain of…

Chinese autonomous driving technology company Momenta has launched its Hong Kong initial public offering (IPO), seeking to raise HK$5.89 billion (approximately US$750 million) ahead of its planned market debut next week. The Suzhou-based company is offering about 19.9 million shares at HK$295.60 each, valuing the business at approximately US$9 billion. Momenta is scheduled to begin trading on the main board of the Hong Kong Stock Exchange under the stock code 06880 on July 8. Major Global Investors Back Offering The IPO has attracted 14 cornerstone investors that have collectively agreed to subscribe for nearly US$376 million worth of shares, representing…

CaoCao Mobility and autonomous driving technology company May Mobility have formed a strategic partnership to commercialize robotaxi services in international markets, with Europe identified as the first region for deployment. The companies said the collaboration supports CaoCao’s goal of operating 100,000 robotaxis globally by 2030 through its recently announced RoboX autonomous mobility strategy. Companies Divide Operational Responsibilities Under the agreement, CaoCao will own and operate the robotaxi fleet, drawing on its experience in ride-hailing, fleet management and commercial mobility services. May Mobility will provide its Autonomy-as-a-Service platform, supplying the autonomous driving technology that powers the vehicles. The companies plan to…

CaoCao Inc., the ride-hailing platform backed by Geely Holding Group, has unveiled its RoboX strategy, outlining plans to deploy a combined fleet of 200,000 autonomous vehicles by 2030. The initiative includes a target of 100,000 Robotaxis and 100,000 Robovans, as the company seeks to transform itself into what it describes as a physical AI mobility platform. The strategy was announced during the 2026 International Automotive and Supply Chain Expo in Hong Kong. Three-Pillar Autonomous Mobility Framework According to CaoCao, the RoboX strategy is built around three core pillars: intelligent driving technologies, intelligent purpose-built vehicles, and intelligent operations. The company said…

Xiaomi announced that its YU7 GT electric SUV has set what the company described as the world’s first autonomous-driving lap record for a production SUV at Germany’s Nürburgring Nordschleife circuit. The vehicle completed the 20.8-kilometer track in 10 minutes and 29.483 seconds using its autonomous-driving system, according to Xiaomi. Autonomous Driving Demonstration The lap was conducted as a public demonstration of the intelligent-driving capabilities integrated into the production version of the YU7 GT. The Nürburgring Nordschleife, often regarded as one of the most demanding automotive test tracks in the world, features more than 70 corners, significant elevation changes, and complex…

Chinese autonomous driving technology company Momenta has received filing approval from China’s securities regulator for its planned Hong Kong initial public offering (IPO), moving the company a step closer to a public market debut. The China Securities Regulatory Commission (CSRC) said it had accepted the overseas listing filing submitted by Momenta Global Limited through its domestic operating entity, according to a notice released on Thursday. Hong Kong Listing Plans Advance Under the filing, Momenta plans to issue up to 43.75 million overseas-listed common shares and seek a listing on the Hong Kong Stock Exchange. The filing notice, dated June 10…

Li Auto has openly acknowledged Tesla’s leadership in autonomous driving technology, with a senior executive describing the US automaker as the industry’s strongest competitor and confirming that the company is using Tesla’s Full Self-Driving (FSD) system as a key benchmark for future development. Speaking at a recent event, Li Auto’s head of autonomous driving research and development, Zhan, revealed that industry insiders returning from Silicon Valley had repeatedly shared the same assessment with both him and Li Auto Chief Executive Officer Li Xiang: Tesla remains ahead in intelligent driving technology. Silicon Valley trip highlights technology gap To validate those claims…

Calterah has introduced two new automotive millimeter-wave (mmWave) radar system-on-chips (SoCs) aimed at advanced driver-assistance systems (ADAS), alongside new ultra-wideband (UWB) radar solutions designed for child presence detection and parking assistance. The launches were announced during the company’s annual Calterah Day event as automakers and suppliers prepare for increasingly stringent vehicle safety requirements, including upcoming Euro NCAP protocols and proposed Chinese regulations covering Level 2 ADAS and automatic emergency braking (AEB) systems. The Shanghai-based semiconductor company said the new products are intended to improve vehicle perception capabilities, support higher levels of driving automation, and enhance in-cabin safety applications. New Radar…

Chinese autonomous driving technology company Momenta has obtained a permit to conduct road testing and demonstration operations for intelligent connected vehicles in Wuxi, Jiangsu Province, expanding its footprint in one of China’s key autonomous driving markets. The approval formalizes the company’s activities in the city after it began autonomous vehicle testing there in January. Expanding Autonomous Driving Network With the latest authorization, Wuxi becomes the newest city in Momenta’s growing network of locations supporting high-level autonomous driving demonstrations. The company said the expansion aligns with its broader strategy to deploy advanced autonomous driving technologies across additional cities and international markets…