Baidu led a $194m Series A round in ECARX.

Baidu, a Chinese multinational technology company specializing in Internet-related services and products and artificial intelligence, led a $194m Series A round in ECARX, a vehicle intelligence technology provider. The investment was followed by Susquehanna International Group. The round A funding will be mainly used for the R&D of autonomous driving chips, high precision maps, and other autonomous driving technologies. ECARX plans to found an R&D center in Europe to serve the local market.