DeepRoute Secures $100M to Compete with Tesla in Autonomous Driving

Nov 4, 2024, 05:25 PM

DeepRoute, a Chinese autonomous driving firm, has secured $100 million in funding to accelerate its smart driving technology. This investment aims to enhance DeepRoute's capabilities in autonomous vehicle innovation and positions the company to compete with Tesla's Full Self-Driving (FSD) technology in China. Tesla China has also reported significant advancements, including a 75% increase in AI computing power and over 3.2 billion kilometers of cumulative travel for its FSD capability, with an annual investment in AI computing exceeding 78.3 billion yuan.