Guangzhou Automobile Group (GAC) $601238.SS has made a significant announcement at the Shanghai Auto Show concerning its commitment to the safety of Level 4 autonomous vehicles. This initiative reflects GAC's strategic push towards innovation in the automotive sector, particularly in the development of new energy vehicles (NEVs).

Didi Global, the largest ride-hailing operator in China, is making strides in the autonomous driving arena. According to Bloomberg, citing familiar sources, the company is planning to raise additional capital for its autonomous driving unit, which is estimated to be valued at around $5 billion.