Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Chinese Version   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home >> Suppliers Email this story   Print this story
Nvidia invests in Chinese self-driving vehicle startup
Automotive News China | 2017/10/6

BEIJING - U.S. chipmaker Nvidia Corp. joined an investment consortium that raised $52 million for JingChi, a Chinese startup that plans to deploy a test fleet of self-driving vehicles this year.

The investment will allow JingChi to expand r&d efforts. 

The lead investor, Qiming Venture, is a venture capital firm with offices in Shanghai, Beijing, Suzhou, Hong Kong and Seattle. 

JingChi launched operations in April, and in June it obtained a license to test autonomous vehicles on California roads.

In August, JingChi signed an agreement with the city of Anqing City to deploy a fleet of 50 autonomous test vehicles late this year. In 2018, the company wants to launch a test fleet of several hundred robo-taxis for a ride-hailing service in Anqing.

The robo-taxis will be guided by Nvidia¡¯s Drive PX platform, which it developed for self-driving vehicles.

"We are determined to bring fully autonomous vehicles to China and become one of the first companies that apply autonomous driving technologies at scale in 2020,¡± said Jing Wang, founder and CEO of JingChi.  ¡°With this investment, it makes our dream possible." 

Nvidia, which is based in Sunnyvale, Calif., hopes to be a major player in China. The chipmaker has joined a consortium of 70 companies that are working with Chinese search engine Baidu Inc. to develop self-driving vehicles.

In September, Baidu earmarked 9.8 billion yuan for its Apollo Fund, which will invest in 100 autonomous driving projects over the next three years. 

Related Stories
  • Baidu, King Long begin mass output of China's first fully autonomous vehicle
  •     --Published:2018/6/7
  • HiRain, Innoviz partner to supply lidar to Chinese automakers
  •     --Published:2018/8/6
  • BMW approved to test self-driving vehicles in Shanghai
  •     --Published:2018/22/5
  • China, in global race, sets rules for self-driving vehicle tests
  •     --Published:2018/17/4
  • Geely calls for caution in self-driving tech after U.S. fatality
  •     --Published:2018/30/3
  • China gears up to advance autonomous driving
  •     --Published:2018/23/3
  • Austria's TTTech to develop control system for SAIC's self-driving vehicle
  •     --Published:2018/20/3
  • Expert: China may adopt some German rules on self-driving vehicles
  •     --Published:2018/20/3
  • China issues first licenses to road-test self-driving vehicles
  •     --Published:2018/6/3
  • Mobileye, NavInfo to produce crowdsourced maps in China
  •     --Published:2018/26/1
  • Visteon to help GAC design self-driving vehicles
  •     --Published:2018/23/1
  • BlackBerry, Baidu to design technology for self-driving cars
  •     --Published:2018/9/1
  • Tencent to develop technology for self-driving cars
  •     --Published:2017/10/11
  • Why Baidu will beat Waymo in race to deploy self-driving cars
  •     --Published:2017/7/11

    Our Newsletter Editions
    Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

    Select your newsletter     


    Automotive News China
    Room 1303, Building 2, Lane 99, South Hongcao Road,
    Shanghai 200233
    Telephone: 86-139-1851-5816
    Fax: 86-21-6495-0895
    Home | Help Center | About Us | Privacy Policy | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.