Friday, 24 March, 2023

Xiaomi to acquire autonomous driving startup DeepMotion

<p>Tech Giant Xiaomi has said it will acquire DeepMotion, a Beijing-based autonomous driving startup, for $77.3M. Specializing in perception technology and high precision mapping, DeepMotion makes use of vision to navigate, as compared to Lidar technology used by others. With Xiaomi planning to soon manufacture electric vehicles, the acquisition of DeepMotion will help its autonomous driving capabilities.</p> <p>&nbsp;</p>