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The company claims to have a proprietary technology that uses multiple sensors to process information, accurately calculate distances and detect obstacles on the car's course. The AutoX business model is based on the licensing of this technology to other companies that can implement their autonomous driving services.
"We are trying to give all the different segments, including automakers, including ride-sharing companies, including logistics companies, the means to make the most of this technology to enhance their business," said Xiao. . "The Internet can help many traditional industries become better, much more efficient."
It's a little different from the standalone driving services that Waymo and Uber are trying.
For its part, the Alphabet Waymo self-driving car unit launched the first autonomous commercial ride service in the United States last year, after months of testing. Uber, the shared carpooling app, recently announced a $ 1 billion investment in its self-driving car group.
Xiao explained that despite the launch of a pilot program in the United States, AutoX was focusing more on the markets of China and Asia-Pacific.
"Our vision of the Chinese market, but also of the Asia-Pacific region, in general, is a huge market, and it will be a very good test site," he said.
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