Found in Robotics News & Content, with a score of 35.30
August 27, 2021
Online retailer Alibaba Group Holding Ltd. has invested $200 million in autonomous driving developer DeepRoute.ai Ltd. Founded in 2019, DeepRoute is developing SAE Level 4 “full-stack,” self-driving capabilities for Tier 1 automotive suppliers, ride-hailing services, and logistics providers. Its DeepRoute-Sense II systems include multiple sensors including cameras and lidar, “bird's-eye view” vehicle detection, and semantic mapping and real-time positioning technology. DeepRoute has also developed simulations for testing autonomous vehicle models, and it uses 5G networks for remote control of vehicles. DeepRoute plans to ramp up from testing to deployment DeepRoute has collaborated with Dongfeng Motor and Geely Automobile on robotic…
Found in Robotics News & Content, with a score of 25.13
April 17, 2021
…other cities. In addition to Honda, AutoX's partners include Alibaba Amap, Fiat Chrysler Automobiles, and Dongfeng Motors, among other automotive companies. Its investors include Capital Today, Alibaba AEF, Dongfeng Motors, Shanghai Motors, and MediaTek. Honda to expand autonomous vehicle testing in China In this partnership, Honda said it use AutoX’s experience to deepen the partners' understanding of China’s traffic environment, establish public acceptance of safe autonomous driving, and seek new AI technologies. Honda is said its goal is to have “zero traffic collision fatalities by 2050.” The company began to apply “Honda SENSING” to a wide range of products in…
Found in Robotics News & Content, with a score of 22.66
September 14, 2021
…from the California Public Utilities Commission (CPUC) in June. Alibaba leads round Alibaba Group Holding Ltd. led the oversubscribed round, with a $200 million stake announced last month. DeepRoute.ai said it is the only autonomous driving company in China with Alibaba Group as strategic investor. Other venture capital companies such as Jeneration Capital participated, as did previous investors Fosun RZ Capital, Yunqi Partners, and Glory Ventures. Terms of the investment were not disclosed. “The self-driving technology market is highly competitive and features many exciting innovations,” said Jason Tan, partner and chief investment officer of Jeneration Capital. “We believe DeepRoute.ai’s engineering…
Found in Robotics News & Content, with a score of 20.83
December 18, 2016
…years, as recently reported by CB Insights. What’s more, Alibaba founder Jack Ma announced earlier this year that the Chinese giant would invest nearly $16 billion dollars in logistics over the 5 to 8 years, while a Chinese logistics provider in which it invested $256 million dollars is contemplating an IPO. To top it off, Uber’s own Uber for Trucking app was soft launched just weeks ago. The takeaway is clear - companies that have focused on ecommerce and fulfillment are expanding across the supply chain, leveraging vast amounts of capital to expand their future business. Here’s why: 1. Increased…
Found in Robotics News & Content, with a score of 19.12
November 16, 2021
…on all public roads in Shenzhen’s service area. The Alibaba-backed company also released a new video of its driverless robotaxi navigating the expanded service area. The vehicle swiftly drove through Shenzhen's commercial center, arrived at its high-speed train station, and pulled up to the curb in front of a long line of parked vehicles dropping off passengers. Robotaxi race continues The initial global market for robotaxis is small, but its growth potential is huge, according to market analysis firms. The number of robotaxis could grow from 617 units in 2021 to 1.4 million units by 2030, experiencing a compound annual…
Found in Robotics News & Content, with a score of 17.35
June 22, 2023
…logistics experience, both in the U.S. at Amazon and Alibaba in China. At Alibaba he worked at the logistics arm, on projects involving the integration of artificial intelligence and machine learning into logistics. He left in 2019 and assembled a team of co-founders who brought a range of tech, business development, AI, automation and logistics skills to the company he started. CoEvolution now has more than 100 employees, over 50 deployments around the world, offices in both China and the US, and ambitious plans to expand its reach into Europe, where it is now seeking integrators and partners. CoEvolution added…
Found in Robotics News & Content, with a score of 17.14
March 12, 2022
…plenty of activity overseas. Within one year of launch, Alibaba’s XIaomanlv last-mile delivery robots reportedly completed more than 1 million deliveries. And the company has plans to develop 10,000 robots within the next few years. Legacy players such as Amazon, FedEx, and Postmates are also investing in autonomous vehicles and mobile robots, bringing their systems into more cities and countries regularly. Among the challenges for both sidewalk and street-based systems is a lack of unified regulations across jurisdictions. Delivery challenges Many of these robots have SAE Level 3 or Level 4 autonomy. Several companies' delivery robots are still remote-controlled, however.…
Found in Robotics News & Content, with a score of 15.92
May 06, 2021
…setup – which will include six high-resolution lidars and eight high-resolution 4D imaging radars. Corporate partners of AutoX include Alibaba Amap, Fiat Chrysler Automobiles, Honda, Dongfeng Motors, Shanghai Auto, BYD, Chery Automobile, Pengcheng Taxi, LetzGo Taxi, and DST. Top investors and strategic partners include Capital Today, Alibaba AEF, Dongfeng Motor, Shanghai Motors, MediaTek, and more.
Found in Robotics News & Content, with a score of 15.51
December 23, 2021
…autonomous logistics vehicles. The company has partnered with Meituan, Alibaba DAMO Academy, and Dmall, the on-demand grocery delivery unit of supermarket chain Wumart. Such logistics vehicles are now delivering groceries to residents for Dmall in the district of Shunyi, Beijing and transporting e-commerce parcels at universities for Alibaba in cities such as Wuhan, in Hubei province, and Hangzhou, Zhejiang province. Haomo claimed that its 5,000-sq.-m (53,819.5-sq.-ft.) plant in Baoding, Hebei province, is the biggest of its kind worldwide in terms of production capacity. Great Wall Motor is using Haomo's autonomy technology in vehicles ranging from SUVs to commercial trucks. Source:…
Found in Robotics News & Content, with a score of 14.28
October 09, 2019
…in industrial manufacturing. Chinese cloud AI conglomerates such as Alibaba, Baidu, Huawei, and Tencent have all made AI in smart manufacturing a key priority in their business strategy. Manufacturing giant Foxconn even spun out Foxconn Industrial Internet (FII), a company focusing on developing software and building hardware, including precision tools, servers for cloud services, and robots, to accelerate its digitalization effort. However, despite the government’s will to transform the industrial sector, small- and medium-size manufacturers, which represent a significant proportion of the manufacturing sector in the region, are less incentivized to follow the government guidance in adopting AI and automated…
Found in Robotics News & Content, with a score of 13.14
February 04, 2022
…company Statista. By 2023, the sales value is expected to rise to 61 billion yuan ($9.5 billion). Chinese companies Alibaba, Meituan, and JD.com said they plan to have more than 2,000 courier robots in use this year between them. Check out the slideshow (right) for five robots helping to keep people safe at the 2022 Winter Olympics.
Found in Robotics News & Content, with a score of 12.56
May 11, 2020
…a service (IaaS) providers such as Amazon, Microsoft, Google, Alibaba and IBM; cloud-based collaboration and application providers; telecom operators providing cloud services; cloud connectivity partners; and colocation data centers. The COVID-19 crisis has highlighted several examples of processes that can be digitized and virtualized,” Bicknell continues. “Google has told job seekers it will conduct all interviews virtually via Google Hangouts for the foreseeable future. Corporate video conferencing is enabling both legal and medical case discussions, while telemedicine is being used to provide COVID-19 remote diagnosis and treatment. “The necessary wider move to cloud will now pose questions for organizations over…
