China's Dongfeng Motor leads $100 mln Series A round in Hong Kong's AutoX

09/19/2019 7:04:00 PM (GMT)

AutoX, a Hong Kongese autonomous driving firm has raised $100 million in its Series A financing round.

Led by Dongfeng Motor Corp., the round also had participation from Alibaba and Plug and Play's China fund, as well as Hong Kong Science and Technology Parks Corp.

AutoX will use the new funds to build its autonomous driving fleet and hire new members for its technical team.

Additionally, the firm also plans to apply its autonomous driving solutions to the logistics sector, in partnership with Alibaba’s ecosystem, and also extend to the south-east Asian market.

AutoX

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