Self-driving cars in China? 'In the coming years,' says VP

Developing autonomous vehicles has turned out to be slower, more difficult and expensive than what industry experts thought, and it may be some time before we see a fleet of driverless cars on public roads. has become one of the most valuable autonomous driving startups in the world, as it raised another $267 million in its latest funding round. The California-based company – which is also backed by Toyota – is now valued at a whopping $5.3 billion, according to a Reuters report.