BAIC wants to drive along a different road

The Chinese government's encouragement for autonomous driving and alternative vehicles has put pressure on traditional auto manufacturers.

BAIC bought Borgward in 2014.

Carol Huang

October 11, 2018

Chinese state-backed car manufacturer BAIC Group has joined the first round of fundraising for RoboSense, a manufacturer of autonomous driving light-detection-and-ranging (LiDAR) products. The startup raised Rmb300 million ($45 million) from BAIC along with Alibaba’s logistics affiliate Cainiao and SAIC Group, another state-owned car company.

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