China's Hellobike sets up new robotaxi firm with Ant Group, CATL

23-06-2025 13:49 HKT

Bicycles of bike-sharing firm Hellobike are seen outside a subway station in Zhengzhou, Henan province, China March 13, 2018. Picture taken March 13, 2018. REUTERS

China's bike-sharing platform Hellobike announced on Monday the setup of a new robotaxi firm jointly with Ant Group and CATL (3750).

The three parties have invested over 3 billion yuan (HK$3.3 billion) in total in the new firm as an initial investment, Hellobike said in a statement.

The new firm, registered in Shanghai on Monday, will focus on level 4 autonomous driving R&D, safe applications and commercialisation.

Reuters

Hellobike robotaxi Ant CATL