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Didi reportedly seeking funds for self-driving unit at $5B valuation
Chinese ride-hail firm Didi is on the hunt for fresh funds for its autonomous vehicle technology unit that could value it at $5 billion, according to
Sources familiar with the matter told Bloomberg that the unit aims to raise several hundred million dollars more and is in talks with investors, including a Beijing-based fund, to gauge interest. The Chinese AV company is testing a fleet of roughly 200 autonomous vehicles across Beijing, Guangzhou, and Shanghai, but it has not yet begun commercial robotaxi operations. Didi may use the upcoming funds to continue developing AV tech and speed up mass production of its electric robotaxis built in partnership with EV maker GAC Aion, the first of which are set to be produced in 2025.
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