Chinese AI start-up brings affordable autonomous driving to manufacturers

Chinese artificial intelligence start-up, Haomo.ai, has announced it has created an affordable autonomous driving assistance system that it claims is cheaper and better than the products offered by its competitors. The Beijing-based company revealed three new ‘L2’ autonomous systems, which it has made available to motor vehicle companies starting from $411 per unit. Each ‘Hpilot’…

Tesla opens first ever factory in China

The American electrical vehicle manufacturer, Tesla, has opened up its first ever wholly-owned assembly plant in Shanghai, China, after the Chinese government lifted restrictions on foreign companies producing vehicles in China. The American firm, owned by South African expatriate, Elon Musk, opened the assembly plant in July, after China agreed to lift regulations on global…