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Real-time News
On November 17th, Japanese self-driving technology startup Turing raised approximately 15.3 billion yen (about $99 million) from investors including Toyota supplier Denso, highlighting the growing market interest in its artificial intelligence technology. Sources familiar with the matter revealed that the companys valuation nearly quadrupled a year ago after its Series A funding round, reaching approximately $388 million. The company stated in a statement on Monday that the round included a 5.5 billion yen syndicated loan. Turing was co-founded by prominent Japanese AI developer Issei Yamamoto, who rose to fame for his algorithm defeating Japans top-ranked shogi player in 2017. Founded in 2021, the startup aims to build a fully autonomous vehicle system and currently employs approximately 85 people, mostly engineers. In an interview, Yamamoto stated, "The difficulty lies in the technology, not the business model. The message from companies like Denso is that they will actively support mass production once the technology matures."On November 17th, according to Tianyancha App, Chery Automobile Co., Ltd. underwent an industrial and commercial registration change on November 13th, increasing its registered capital from approximately 5.47 billion RMB to approximately 5.81 billion RMB, an increase of about 6%. The company was established in January 1997, with Yin Tongyue as its legal representative. Its business scope includes the production and sales of automobiles and engines. Shareholder information shows that the company is jointly held by Wuhu Investment Holding Group Co., Ltd., Wuhu Ruichuang Investment Co., Ltd., and Anhui Provincial Credit Financing Guarantee Group Co., Ltd., among others.Starry Sky Chinese (06698.HK) shares in Hong Kong experienced a flash crash, falling more than 30% at one point during the session, and are currently down more than 10%.NIO (09866.HK) announced the launch of the 300,000th unit commemorative edition of the new ES6, with a vehicle purchase plan priced at RMB349,800 and a battery rental plan at RMB241,800.Ukrainian officials say Russia launched a missile attack on the Kharkiv region in eastern Ukraine overnight, killing three people and injuring ten.
