World & BusinessBaidu-backed DeepWay aims to license electric-truck technology in Europe
A DeepWay executive told Nikkei Asia the Chinese startup hopes to gain an edge over European peers by transferring technology to local partners, with local manufacturing as an eventual goal.
TLDR
Nikkei Asia reports that Baidu-backed DeepWay aims to license its electric-truck technology in Europe. An executive told the outlet that transferring technology to local partners could help the Chinese electric-truck and assisted-driving startup gain an edge over peers, with a view to eventually manufacturing locally. Nikkei Asia says the company unveiled its EU strategy at a Hanover trade show and is targeting a Hong Kong IPO.
Baidu-backed DeepWay aims to license electric-truck technology in Europe
A DeepWay executive told Nikkei Asia the Chinese startup hopes to gain an edge over European peers by transferring technology to local partners, with local manufacturing as an eventual goal.
TLDR
Nikkei Asia reports that Baidu-backed DeepWay aims to license its electric-truck technology in Europe. An executive told the outlet that transferring technology to local partners could help the Chinese electric-truck and assisted-driving startup gain an edge over peers, with a view to eventually manufacturing locally. Nikkei Asia says the company unveiled its EU strategy at a Hanover trade show and is targeting a Hong Kong IPO.