Didi’s Self-Driving Unit Secures $149M in Funding from State Investors
Didi Chuxing’s autonomous driving arm has raised $149 million in funding from two state-affiliated investors in Guangzhou, China. The investment is seen as a boost for Didi’s self-driving ambitions and a sign of confidence from the Chinese government.
The investment comes at a time when Didi is facing increasing competition from other Chinese tech giants, such as Baidu and Huawei. Didi is also facing regulatory challenges from the Chinese government. However, the new investment suggests that the government is still supportive of Didi’s self-driving efforts.
Didi has said that it plans to use the new funding to accelerate the development and deployment of its self-driving vehicles. The company is aiming to launch a commercial self-driving taxi service in Guangzhou by 2025.
The investment in Didi’s self-driving unit is a significant development for the Chinese autonomous vehicle industry. China is one of the leading markets for self-driving vehicle development, and Didi is one of the leading players in the market. The new investment is likely to accelerate the development and deployment of self-driving vehicles in China.
