Self-driving

Alibaba became the majority shareholder with a 19.68 percent stake, the information shows.

Traditional Chinese car companies are stepping up efforts to catch up with new car makers, including Xpeng Motors and Nio, in self-driving technology.

Two days after self-driving company AutoX demonstrated its ability to navigate chaotic, dense roads during rush hours, its local counterpart WeRide also showed off its muscles, and in heavy rain.

Alibaba-backed Chinese autonomous driving company AutoX became the latest to demonstrate its capabilities on chaotic, dense roads during rush hours in a video Monday.

While eyes are focused on the self-driving capabilities of the new car makers, some technology providers are helping other car companies gain equal access to such capabilities.

That includes 75,000 smart new energy vehicles and 118,000 smart fuel vehicles.

A video shared Friday by a car blogger shows a driver sitting in the passenger seat of a vehicle on the highway and letting the vehicle drive itself.

The project's route is 8.5 kilometers, includes eight stops, operates for 30 minutes in a single trip, and passengers can make reservations through the WeChat mini program.

FAW is pushing forward the second phase of its Intelligent Network Connection Project to accelerate the development and operation of Hongqi intelligent vehicles.

Robotaxi will account for 60 percent of China's ride-hailing market with RMB 1.3 trillion by 2030, with Baidu likely to be the leader, IHS Markit said in an August 16 report.