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China's Hellobike sets up new robotaxi firm with Ant Group, CATL
China's Hellobike sets up new robotaxi firm with Ant Group, CATL

Time of India

time11 hours ago

  • Automotive
  • Time of India

China's Hellobike sets up new robotaxi firm with Ant Group, CATL

China 's bike-sharing platform Hellobike announced on Monday the setup of a new robotaxi firm jointly with Ant Group and CATL. The three parties have invested over 3 billion yuan ($417.40 million) in total in the new firm as an initial investment, Hellobike said in a statement. The new firm, registered in Shanghai on Monday, will focus on level 4 autonomous driving R&D, safe applications and commercialisation. ($1 = 7.1874 Chinese yuan renminbi) Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories

China's Hellobike sets up new robotaxi firm with Ant Group, CATL
China's Hellobike sets up new robotaxi firm with Ant Group, CATL

Reuters

time12 hours ago

  • Automotive
  • Reuters

China's Hellobike sets up new robotaxi firm with Ant Group, CATL

BEIJING, June 23 (Reuters) - China's bike-sharing platform Hellobike announced on Monday the setup of a new robotaxi firm jointly with Ant Group and CATL ( opens new tab. The three parties have invested over 3 billion yuan ($417.40 million) in total in the new firm as an initial investment, Hellobike said in a statement. The new firm, registered in Shanghai on Monday, will focus on level 4 autonomous driving R&D, safe applications and commercialisation. ($1 = 7.1874 Chinese yuan renminbi)

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