附近上门

China鈥檚 ride-hailing giant raised more than $500 million for its autonomous driving subsidiary in a funding round led by 鈥檚 Vision Fund 2, the company said Friday.

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It鈥檚 the since it was spun off into its own company in August 2019. Didi touts the funding as the single largest investment in China鈥檚 autonomous driving sector.

The new capital infusion will be used to research and develop its autonomous driving technology, as well as test it, Didi said in a written statement. In addition, the funding will aid in the deployment of autonomous driving services in specific areas in China and abroad. The company said it also has plans to mass-produce autonomous driving vehicles with auto industry partners.

Japanese tech giant SoftBank in July 2019 with the plan to have it become a $108 billion fund that would complement its $100 billion . However, reports that after several big investments failed from the first fund, contributions to the second fund have not yet met the proposed target.

Meanwhile, autonomous driving technology continues to attract investors. , the self-driving technology being developed under the umbrella, raised $2.5 billion back in March. Then earlier this month, it . And in February, China鈥檚 raised $462 million.

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