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Today, Hellobike, Ant Group, and BYD (Ganxi) jointly registered "Shanghai Zaofu Intelligent Technology Co., Ltd." in Shanghai through their investment entities. This new company has a registered capital of 1.288 billion Chinese yuan and will focus on the development, safe application, and commercial deployment of L4-level automation technology.
The shareholding structure of the new company shows that Shanghai Yunyang Management Consulting Co., Ltd. (Ant Group), Shanghai Junha Network Technology Co., Ltd. (Hellobike), and Ningbo Meishan Bonded Port Wenda Investment Co., Ltd. (BYD) hold joint equity stakes. The initial investment from the three parties totals more than 3 billion Chinese yuan.
According to the information, this strong partnership is not accidental. Hellobike, Ant Group, and BYD have already signed a three-party strategic cooperation agreement this April, aiming to jointly develop L4-level automation technology based on the technical advantages and resources of each party.
In terms of talent recruitment, the Robotaxi division and the research and development team of Hellobike have already hired several top experts in the fields of artificial intelligence models and automation, completed the construction of the essential talent matrix, and plan to continue attracting excellent talents from around the world in the future.
Ant Group will leverage its technical experience in large-scale artificial intelligence models, reinforcement learning, and embodied intelligence, as well as its rich experience in security and privacy protection, to provide extensive technical support for Hellobike's automation business.
BYD, on the other hand, will use its leading technologies in energy batteries and intelligent chassis platforms, promoting the deep integration between the platform and autonomous driving modules, providing a solid foundation for safety in automation.
