Self-driving startup Deeproute.ai pulls in $50 million

By Jill Shen

Sep 25, 20192 min read (Image credit: Deeproute.ai)Deeproute.ai, a Chinese autonomous driving startup, said it has raised $50 million in a fresh round of funding from top Chinese investors, as yet another company bursts into view in the country’s th…

Self-driving startup Deeproute.ai pulls in $50 million

By Jill Shen

Sep 25, 20192 min read (Image credit: Deeproute.ai)Deeproute.ai, a Chinese autonomous driving startup, said it has raised $50 million in a fresh round of funding from top Chinese investors, as yet another company bursts into view in the country’s th…

Nio shares tumble as losses widen

By Jill Shen

Sep 24, 20194 min read William Li, Nio’s founder, chairman and CEO (Image credit: Nio)Shares in Nio plummeted in US trading this morning after the Chinese EV maker posted concerning financial results for the second fiscal quarter. The firm continues…

WM Motor SUV catches fire on Wenzhou highway

By Jill Shen

Sep 23, 20192 min read WM Motor showcased an updated version of its EX5 SUV in a trade event in Chengdu in September 2019. (Image credit: WM Motor)An electric sports-utility vehicle made by WM Motor caught fire on an urban highway in the eastern Chi…