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Electric cars in China

China's AutoX raises 'tens of millions' of dollars in fundraising

Alibaba-backed startup has led research in autonomous driving

Shenzhen-based self-driving startup AutoX plans to launch its fleet of robotaxis in two Chinese cities this year. (Photo courtesy of AutoX)

BEIJING -- AutoX, a Chinese startup that develops autonomous vehicles, said Monday it had completed its Series pre-B financing round, taking in "tens of millions" of dollars, local tech media 36Kr reported.

Shenzhen-based Hongzhao Fund led the round, which concluded at the end of 2019, while Chaoshan Capital and Shenzhen IMT Industry Group also participated. The company did not reveal actual figures.

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