A production line belonging to Shanghai Maxieye Automotive Technology Co Ltd. [Photo/Ningbo Evening News]
Shanghai Maxieye Automotive Technology Co Ltd will construct its autonomous driving and artificial intelligence R&D headquarters in Ningbo, East China's Zhejiang province, according to a deal the company signed with Ningbo during the World Internet Conference Wuzhen Summit on Nov 9.
The new headquarters, set to be developed in the Zhuangshi sub-district, will be backed by a substantial investment of 3 billion yuan ($411.43 million). The focus of this ambitious project will be on developing intelligent driving and smart transportation solutions, providing customers with versatile and seamless assisted driving and fully autonomous driving options.