China’s RoboSense says it has completed the country’s largest-ever single round of financing for a lidar company – a combined investment of more than $45 million. The funding is provided by Cainiao Smart Logistics Network, the logistics arm of the Alibaba Group; and automakers SAIC Motor Group and BAIC Group. Cainiao, SAIC and BAIC will jointly promote the rapid development of autonomous vehicles with RoboSense. The strategic partners will collaborate to lead the ...

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