Market Chatter: Hello Forays into Robotaxi Market via Joint Venture

MT Newswires Live

Jun 23

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.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2242644610.SGD","symbol_name":"Fidelity China Innovation A-ACC-SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2545499883","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2545499883","pubTimestamp":1750668293,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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