Autonomous truck supplier Boonray recently nailed down a RMB 100 million ($14.4 million) investment from BYD that will allow the pair to jointly advance new energy and intelligent technologies across heavy industries.
According to CnEVPost, Shanghai-based Boonray Technology and the global new energy vehicle (NEV) and battery technology leader will conduct research and development together to fast-track domestic and international market expansion and deepen industrial cooperation.
They will also examine supply chain optimization and product exploration for specific scenarios.
Li Qian, BYD board secretary and chief investment officer, called Boonray’s technological systems in unmanned mining and green energy supply impressive, he told the outlet.
BYD will also partner with Boonray to deliver more competitive Chinese solutions for the green transformation of global mining and heavy industries, according to Li.
Boonray, which has solutions that enable Level 4 autonomous operation for mining trucks and vehicles supporting unmanned battery swapping, has worked at more than 30 mining projects across diverse ore types and complex operating conditions.
Source: CnEVPost