Xiaoma Zhixing received $100 million in investment for the research and development of autonomous driving technology
On October 25th, Xiaoma Zhixing announced that it had received $100 million in investment from the Kingdom of Saudi Arabia's New Future City (NEOM) and its investment fund NIF (NEOM Investment Fund). Meanwhile, Xiaoma Zhixing and NEOM plan to establish a joint venture in New Future City in northwestern Saudi Arabia to provide autonomous driving technology solutions for the region...