China’s CATL partners with Alibaba’s Ant to make robotaxis, in challenge Waymo and Tesla
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- TechNode.com
Chinese battery manufacturer CATL has announced a collaboration with Ant Group, Alibaba’s fintech subsidiary, and bike-sharing service Hellobike to develop autonomous ride-hailing vehicles. This partnership, revealed on Monday, positions CATL in direct competition with established players in the sector, including Waymo and Baidu. Hellobike, which is primarily owned by Ant Group with a 36% stake, will play a crucial role in this venture. The collaboration aims to leverage advancements in battery technology and fintech solutions to enhance the efficiency and accessibility of autonomous transportation services.
Original report
China’s CATL partners with Alibaba’s Ant to make robotaxis, in challenge Waymo and Tesla
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