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Home Markets Stock Market

Baidu’s robotaxi division is considering expanding into international markets soon

Evelyn Cheng by Evelyn Cheng
October 8, 2024
in Stock Market
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Baidu’s robotaxi division is considering expanding into international markets soon
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Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles.

Baidu

BEIJING — Chinese tech company
Baidu





‘s robotaxi unit, Apollo Go, is in talks with several firms to expand into overseas markets in the “near future,” according to a source familiar with the matter.

No details on timing or regions were available.

Baidu is one of the major operators of robotaxis in China. Regulators in parts of Beijing and cities such as Wuhan — Apollo Go’s largest operating region — have allowed companies to commercially operate self-driving taxis after years of just permitting internal testing.

Tesla





is scheduled to hold its widely anticipated robotaxi event on Thursday.


WeRide, another Chinese robotaxi developer, in late September announced a deal to integrate its cars onto ride-hailing giant
Uber





‘s platform in Abu Dhabi this year. The statement said the companies did not plan on similar partnerships in the U.S. or China.

In July,
BYD





and Uber announced they would develop “autonomous-capable vehicles” for the ride-hailing company’s platform. They did not share details.

Robotaxi rides in China operated by Baidu and companies such as Pony.ai are generally highly subsidized by the companies to encourage their usage. Local regulation sometimes requires a human staff worker to sit inside the car, meaning not all the vehicles are fully autonomous.

Baidu said as of late July, Apollo Go had operated more than 7 million robotaxi rides.

Separately, Baidu on Tuesday announced Rong Luo would no longer serve as its CFO, and instead become executive vice president overseeing the company’s mobile ecosystem unit. Junjie He, former head of the mobile unit, will become interim CFO, the company said. Baidu described the changes as part of a “management rotation.”

DeFi Daily News

**Conclusion Section:**

In conclusion, the advancements in the field of autonomous vehicles and robotaxis are rapidly evolving, with companies like Baidu and Tesla making significant strides in this technology. The expansion of Apollo Go into overseas markets and the integration of robotaxi services onto platforms like Uber in Abu Dhabi showcase the growing global interest in self-driving transportation.

As more companies enter the market and regulations adapt to accommodate these new technologies, we can expect to see further innovations and improvements in the efficiency and safety of autonomous vehicles. The future of transportation is undoubtedly autonomous, and it is exciting to witness these developments unfold.

Stay tuned to DeFi Daily News for more trending articles on the latest innovations in technology and finance!



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Tags: BaidusdivisionExpandinginternationalMarketsrobotaxi
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