Banma steps up R&D on intelligent vehicle tech

The JV between Alibaba and SAIC Motor becomes financially independent as it raises $233 million from a public fundraising – its first – to develop intelligent in-car systems.

Danny Leung

September 14, 2018

Banma Technologies, a joint venture between Alibaba and SAIC Motor that focuses on developing smart operating systems for internet-connected cars, has raised Rmb1.6 billion ($233 million) to research and develop intelligent vehicle technologies.

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