JD.com put $1.5 billion to build self-driving car

JD.com joins the consortium Baidu and Alphabet's waymo in a self-driving car by placing 10 billion yuan. The Beijing-based e-commerce giant aims at the autonomous vehicle industry and will invest US$1.5 billion in a project in Changsha, Hunan province.

JD.com announced Wednesday that it will hold a research and product development center in Liuyang National Economic and Technological Development Zone is an economic development zone. The project covers all aspects of self-driving technology and automated delivery, such as research, testing and data management.

Tinuku JD.com put $1.5 billion to build self-driving car

Technology company founded by Richard Liu Qiangdong soon joined the ranks of tech giant Alphabet, Baidu and a leading car maker who has spent billions of dollars on developing autonomous mobility technology.

JD.com has invested heavily in automated fleets to improve efficiency and reduce freight costs. Online retailers have used drones and in September collaborated with SAIC Motor and Dongfeng Motor to build two models of autonomous electric vans.