Chinese conglomerate Erdos Group led the investment, financing KargoBot’s transformation into an independent entity to strengthen its alignment with the long-haul logistics sector.
The Chinese electric vehicle manufacturer aims to deploy its advanced driver assistance system throughout mainland China by the end of 2024, with European market introduction to follow.
What implications will the European Union’s anti-subsidy inquiry have for Chinese car manufacturers in the long run, and how do China’s subsidies compare to those in the US and Europe?
Why are Chinese electric vehicles becoming the focus of the European Union’s anti-subsidy investigation, and how will Chinese car manufacturers respond to this challenge?
Investors from the Middle East are doubling down on Chinese companies, especially those focused on autonomous driving solutions and new energy vehicles.