The autonomous driving subsidiary of Chinese language ride-hailing platform Didi is looking for “a number of hundred million {dollars}” in a funding spherical that may worth it at about $5 billion, sources advised Bloomberg in a Tuesday report. Didi’s self-driving unit might obtain backing from a Beijing-based fund, the folks mentioned, with out giving additional particulars, months after securing a $289 million funding led by state-owned automaker GAC and joined by Didi itself final October. Didi entered the driverless car enterprise in 2016, spun off the unit into an unbiased firm in 2019, and has been working a testing fleet of greater than 200 robocars in main Chinese language cities resembling Beijing, Shanghai, and Guangzhou in latest months. [Bloomberg]

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