Hellobike, one of China’s leading bike-sharing platforms, has officially announced the establishment of a new robotaxi enterprise in collaboration with Ant Group and CATL, underscoring a strategic expansion into the autonomous mobility sector.
According to a corporate statement released on Monday, the three companies have collectively committed over 3 billion yuan (approximately US$417.40 million or RM1.78 billion) as an initial capital investment in the newly formed venture.
The company was formally registered in Shanghai on the same day and will concentrate on the development of level 4 autonomous driving technologies, as well as the safety applications and commercialisation of robotaxi services. This marks a significant milestone in China’s push towards advanced driverless transportation solutions, with Hellobike, Ant Group and CATL pooling expertise from mobility services, fintech, and battery technology respectively.
The collaboration positions the new firm to play a pivotal role in shaping the next phase of smart urban mobility in China and beyond.
-Reuters
