Everybody wants autonomous vehicles now: It’s the auto industry’s way forward and Silicon Valley’s latest preoccupation. China is no different.
Alibaba Group Holding Ltd is testing self-driving cars in China, and Baidu Inc started trials of autonomous technology last year. BMW AG earlier this month was the first foreign carmaker to get a license to test its offering in China. In mid-May, Shenzhen-based Roadstar.Ai LLC raised a record amount from Chinese investors.
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