ByteDance, parent of TikTok, denied plans to launch a car with Seres Group, the automaker behind AITO. The statement emphasised that neither ByteDance nor its Seedance AI sub-brands hold a controlling stake in Seres’ Saidou Technology. The company also said no new car or brand launches are planned.

 

Dola (Doubao) and Volcano Engine focus on smart cockpit and AI technology for the automotive industry.

Rumours of a new car launch surfaced after the restructuring of Chongqing Landian Technology, a Seres subsidiary, leading to the creation of a new brand, “Saidou Technology”. The move brought a 6.67 billion yuan (952.9 million USD) capital injection from several investors, notably Wending Investment, CATL‘s strategic investment arm.