Germany’s Continental invests in Chinese self-driving car tech startup

German automotive parts maker Continental has invested in Motovis, a Chinese autonomous vehicle tech startup, by participating in its Series C. The round runs into “several hundred million RMB,” with funds earmarked for developing self-driving technologies for cars, according to an announcement published Monday. The companies are working hand-in-hand with the aim of enabling Chinese passenger vehicles with automated driving functions to be produced at scale starting next year. Seven-year-old Motovis says it has previously sold its advanced driver assistance systems to automakers such as GAC and Dongfeng to incorporate into their vehicles. [Motovis statement, in Chinese]


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