Chinese startup CHJ to expand presence in US
By Ma Si and Ma Zhiping in Boao, Hainan | China Daily | Updated: 2018-04-11 07:49
Electric vehicle firm to set up team for research on self-driving tech
Chinese electric car startup CHJ Automotive will build up a strong research and development team in the United States by the end of this year to beef up work on self-driving technologies, company CEO Li Xiang said on Tuesday.
The plan came shortly after CHJ raised 3 billion yuan ($476 million) in its series B round of fundraising in March and announced plans to set up a joint venture with Didi Chuxing, China's largest ride-hailing company, to produce smart electric cars.
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