By Reuters | Updated: June 23, 2025
BEIJING, June 23 (Reuters) – China’s bike-sharing platform Hellobike announced on Monday the setup of a new robotaxi firm jointly with Ant Group and CATL (300750.SZ).
The three parties have invested over 3 billion yuan ($417.40 million) in total in the new firm as an initial investment, Hellobike said in a statement.
The new firm, registered in Shanghai on Monday, will focus on level 4 autonomous driving R&D, safe applications and commercialisation.
($1 = 7.1874 Chinese yuan renminbi)
Reporting by Beijing newsroom; Editing by Sonali Paul
--
© Thomson Reuters 2025
