Caixin
Dec 24, 2021 07:30 PM
TECH INSIDER

Tech Insider: China’s Latest Self-Driving Unicorn, Nio’s New Electric Sedan

Nio Inc. launched its new electric sports sedan ET5 on Sunday. Photo: Nio
Nio Inc. launched its new electric sports sedan ET5 on Sunday. Photo: Nio

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

Self-driving startup Haomo gets its unicorn horn after new funding round

Beijing-based autonomous driving startup Haomo AI said Tuesday that it had raised 1 billion yuan ($150 million) in a series A funding round from a group of big-name investors including Meituan, GL Ventures and Qualcomm Ventures, giving it a valuation in excess of $1 billion.

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