BYD Invests $14.5 Million in Boonray's Autonomous Electric Mining Truck
BYD has invested $14.5 million in Boonray, a Chinese startup focused on autonomous electric mining trucks with battery-swapping capabilities. The project aims to enhance the mining industry through zero-emission technology and advanced automation, featuring L4-level autonomous driving technology developed by a team from Shanghai Jiao Tong University.
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BYD has invested $14.5 million in Boonray, a Chinese equipment manufacturer, to support its autonomous, battery-swapping electric mining truck. The investment aims to innovate the mining sector by integrating zero-emission technology with advanced automation. Boonray's team, including scientists from Shanghai Jiao Tong University, has implemented L4-level autonomous driving technology and is developing AI-powered algorithms and vehicle-by-wire controls for future mining operations.
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