The Shanghai-based company's funding amounts to "billions of yuan", according to Shen, but he declined to say who has invested in WM Motor.
Weeks after the first crash of a Tesla in China, the USA carmaker has deleted the terms "self-driving" and "autopilot" from its website in that country, Reuters reports.
The spokeswoman added that Tesla makes clear that Autopilot requires the driver to remain engaged and does not describe it as an autonomous self-driving system.
Tesla S Model and a two auto crashes last summer showed the imperfect status of an Autopilot system, but despite it, the system is able to be a lifesaver too. And although China, like the USA, hasn't figured out clear-cut autonomous driving regulations, current Chinese law does mandate a driver keep both hands on the wheel at all times.
Since the news came out about the death of a driver in a Tesla Model S there has been more attention paid to the driving system. If you would like to discuss another topic, look for a relevant article. The site uses the phrase "zidong jiashi", which is often directly translated as meaning the vehicle is self-driving, the Los Angeles Times reported. Earlier this year, Florida saw the first fatality from a self-driving vehicle accident, causing regulators to start probing the Autopilot feature present in Tesla's cars.
A view of the control panel for Tesla's autopilot feature. Both cars sustained damage, but there were no injuries.
The latest mishap comes in the wake of a fatal crash in Florida in May, when a Tesla running on Autopilot crashed into a big rig, killing the driver.
The AutoPilot 2.0 updates will apparently include a new sensor suite that will enable "level 3 autonomous driving" and potentially level 4 fully autonomous driving in the near future.
Revisions to the language on websites have been under way for weeks to address "discrepancies across languages", the Palo Alto, California, company said in a statement. Mashable reached out to Tesla for comment and clarification regarding the terms.
China will be the market for the WM Motors electric cars at first, but Shen says he's also exploring the idea of entering the US market later on. Indeed, many take the position that calling the feature Autopilot provides drivers with a false sense of security. Tesla's system now warns drivers after a few minutes of their hands being off the wheel.