Author: Andrew Xu

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…

Chinese autonomous driving technology companies WeRide and Pony.ai have been added to the Stock Connect eligible list, allowing mainland Chinese investors to trade their Hong Kong-listed shares. The adjustment to the Stock Connect list will take effect on June 4, according to announcements from the Shanghai Stock Exchange. The move comes about seven months after both companies began trading in Hong Kong. Eligible mainland investors will be able to directly trade the Hong Kong-listed shares of WeRide and Pony.ai through the cross-border investment mechanism. Access to Mainland Capital Stock Connect is a mutual market access program linking the mainland Chinese…

China’s autonomous driving industry continues to expand its Robotaxi operations despite heightened regulatory scrutiny following a major disruption involving Baidu’s Apollo Go service earlier this year. The sector is currently operating under a regulatory review period after an incident in Wuhan on March 31, 2026, during which nearly 100 Apollo Go vehicles reportedly stopped operating simultaneously. Regulatory Review Following Wuhan Incident The disruption prompted a response from Chinese authorities, with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the Ministry of Transport holding a joint meeting in mid-April to address safety concerns and require corrective…

Jiangsu Zeron Technology Co., Ltd. has filed an application to list on the main board of the Hong Kong Stock Exchange, according to industry reports. The filing was submitted on May 28, with Goldman Sachs (Asia) and Haitong International Capital serving as joint sponsors for the proposed initial public offering. Focus on Smart and Autonomous Heavy Trucks Zeron positions itself as a developer of smart and autonomous heavy-duty truck solutions, pursuing a vertically integrated strategy that combines vehicle development, powertrain technology and autonomous driving systems. The company said its proprietary autonomous driving platform, known as the Zeron Autonomous Driving System,…

CaoCao Inc. has become the first company authorized to conduct driverless robotaxi road testing in Hangzhou, marking a significant milestone in its autonomous mobility ambitions and strengthening its position in China’s rapidly evolving robotaxi market. The Hong Kong-listed mobility platform said it received approval in April 2026 to begin public-road testing of robotaxis without a human safety operator on board, a key regulatory step before commercial deployment. The company described the permit as validation of the maturity and safety of its autonomous driving system and an important foundation for obtaining similar approvals in other Chinese cities. The authorization comes as…

Chinese LiDAR manufacturer RoboSense reported a sharp increase in robotics-related sensor shipments in the first quarter of 2026, with deliveries rising more than fourteenfold from a year earlier and surpassing its automotive business for the first time. The Shenzhen-based company said robotics LiDAR shipments jumped 1,458.8% year-on-year to 185,500 units during the quarter, accounting for more than 56% of total deliveries. The shift marks a significant milestone for RoboSense, as its robotics segment overtook advanced driver assistance systems (ADAS) as the company’s largest source of shipment volume. Overall LiDAR shipments reached 330,300 units in the first quarter, an increase of…

Chinese electric heavy-duty truck startup Zeron said on Tuesday it had completed a $200 million Series B2 funding round as the company accelerates development of its autonomous driving truck business. Investors participating in the round included Zijin Mining, Shandong Energy Group through its Yankuang Capital unit, and Sanhua Holding Group. International investors included Temasek and InnoVen Capital. Zeron said the participation of industrial investors would support expansion in mining transportation and industrial logistics applications, while international investor involvement reflected continued global interest in China’s autonomous driving sector. The funding round marks the company’s second major financing event within two months.…

BYD said its assisted driving systems are now deployed across more than 60 vehicle models and nearly 3 million vehicles globally, with severe accident rates reduced to roughly one-sixth of human driving levels based on airbag-triggered incidents per 10 million kilometres, according to Autohome. The figures were presented by Yang Dongsheng, Senior Vice President of BYD Group and head of the company’s Automotive New Technology Research Institute, during the 13th Intelligent Connected Vehicle Technology Annual Conference in Shanghai on May 21. Yang said BYD accelerated large-scale deployment of intelligent driving systems in early 2025 and now offers Level 2 assisted…

Tesla has again revised the naming of its advanced driver-assistance software in China, a move that has fueled speculation that the company may be preparing for a broader rollout of its Full Self-Driving technology in the market. The company’s Chinese website now refers to the feature as “Tesla Assisted Driving” instead of its previous naming, while maintaining the package price at 64,000 yuan ($9,420). According to Tesla China’s website, the package includes all functions from the company’s basic and enhanced assisted-driving systems, with the full version of Tesla Assisted Driving listed as “available later.” “In the future, vehicles will be…

Xpeng said it believes LiDAR sensors are no longer essential for autonomous driving systems in passenger vehicles, as the company continues transitioning toward a pure vision-based approach similar to that used by Tesla. Xpeng Chairman and CEO He Xiaopeng said during a media briefing on Thursday that the company does not feel pressured by the increasing adoption of LiDAR technology in China’s higher-priced vehicle segment. According to He, the share of models priced above 150,000 yuan ($22,050) equipped with LiDAR continues to rise in China, but Xpeng remains committed to its camera-based autonomous driving strategy. The comments came one day…

Hesai Group said it has secured a new design win from a major European automaker involving more than 1 million LiDAR units, strengthening the company’s position in the global advanced driver assistance systems market. The Nasdaq-listed company announced the agreement on Wednesday but did not identify the automaker involved. According to Hesai, the order will supply LiDAR systems for more than 10 vehicle models under the European manufacturer’s Chinese joint venture brands. The company said the deal reflects growing international recognition of its proprietary chip-based LiDAR technology and large-scale manufacturing capabilities. Hesai said its compact long-range ATX LiDAR system has…

CaoCao Inc. plans to deploy 100 robotaxis in Shanghai’s Jiading District in 2026 under a strategic cooperation agreement with Shanghai International Automobile City Group, as the company accelerates efforts to commercialize autonomous ride-hailing services in China. The Hong Kong-listed company said it will establish a wholly owned subsidiary within the core area of Shanghai International Automobile City (SIAC) to support robotaxi operations and large-scale commercial deployment in the city. Jiading District has emerged as one of Shanghai’s major hubs for intelligent connected vehicle development and autonomous driving testing. Under the agreement, SIAC will provide CaoCao access to local intelligent vehicle…

BYD has signed a framework agreement with Chinese car rental provider Car Inc for the supply of up to 100,000 vehicles, expanding cooperation between the two companies as demand for new energy vehicles grows in China’s mobility sector. The agreement also includes plans to deploy BYD fast-charging stations at selected Car Inc rental locations across the country. Car Inc, one of China’s largest vehicle rental operators, began electrifying its fleet in 2025 to align with the country’s accelerating adoption of new energy vehicles, according to reports from Chinese media outlet CnEVPost. The new arrangement builds on an earlier collaboration between…

Lenovo has entered a strategic partnership with WeRide to deploy up to 200,000 autonomous vehicles worldwide over the next five years, including robotaxis, the companies said. The collaboration was announced at Auto China in Beijing, underscoring ambitions by both firms to accelerate the commercialization of autonomous driving technologies at scale. Founded in 1984, Lenovo has expanded beyond its core personal computer business to become a broader technology provider, while Guangzhou-based WeRide has emerged as a developer of autonomous driving systems with operations spanning robotaxis, shuttle buses, delivery vehicles and sanitation services. https://twitter.com/WeRide_ai/status/2047654287535440103 WeRide has previously drawn attention for its robotaxi…