Plug and Play has invested in AutoX, a leading autonomous driving company in China, to leverage its innovative technology and enhance its presence in the rapidly growing mobility sector.

Information on the Target

AutoX is a prominent player in the autonomous driving sector in China, established in 2016 and headquartered in Shenzhen. The company has successfully positioned itself as one of the few companies globally with the technical capability to develop L4/L5 level autonomous driving systems. With additional research and operational centers located in Beijing, Shanghai, Guangzhou, Silicon Valley, and Changzhou, AutoX holds a significant strategic advantage. The company boasts a comprehensive product range that encompasses the full spectrum of L4/L5 autonomous driving technologies, thereby creating the largest unmanned vehicle operating area in the world.

Industry Overview in China

The autonomous driving industry in China has seen rapid advancements and considerable investments, particularly in major urban areas. The government’s strong push towards intelligent transportation systems, supported by favorable regulations, has spurred the growth of various autonomous vehicle companies. Industry leaders are increasingly adopting AI technologies to enhance vehicle safety and efficiency, paving the way for a competitive market landscape.

Additionally, the integration of autonomous vehicles with smart city initiatives creates multiple avenues for growth. Cities are exploring deploying RoboTaxi services as part of their urban mobility strategies, which further und