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DeepNewz, mobile.
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Chinese autonomous driving startup DeepRoute has raised $100 million in Series C1 funding from Great Wall Motors, which is known for its top-selling Haval 6 SUV. This investment comes as DeepRoute aims to expand its self-driving technology and achieve a target of integrating its systems into 200,000 vehicles by the end of the year. The funding is part of a broader strategy to enhance its competitive edge against Tesla's Full Self-Driving (FSD) technology, with plans to roll out its own solutions in the first quarter of 2025. DeepRoute has previously established a partnership with Great Wall Motors, becoming a supplier of smart driving solutions since March.
🚨 NEWS: DeepRouteAI raises $100M to fuel mass adoption of autonomous driving and take on Tesla in China Chinese self-driving startup DeepRoute has secured $100 million in new funding from an automaker, aiming to expand its self-driving systems across China and challenge @Tesla… https://t.co/NFNK3bjAvA
UPDATE: DeepRoute AI's $100 million round came from China's Great Wall Motors, the automaker behind the top-selling Haval 6 SUV. The startup wants to be in 200,000 cars by EOY to beat Tesla's FSD before it rolls out Q1 2025. https://t.co/gJ2gbvK7pn
Chinese driver-assist startup Deeproute announces $100 million in funding, touts ‘deep cooperation’ with Nvidia https://t.co/qANLqq0JVU