Chinese mobility and life services platform Hello Inc. officially entered the Robotaxi sector via a joint venture with Ant Group and Contemporary Amperex Technology (SHE:300750, HKG:3750), or CATL, The Paper reported Monday.
The JV, Shanghai Zaofu Intelligent Technology, has registered capital of 1.29 billion yuan and will focus on L4-level autonomous driving research and development and commercialization, according to the report.
The trio has jointly contributed over 3 billion yuan in the first funding round, The Paper wrote.
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