“The window of opportunity is fleeting. More efforts need to be made to push forward legal reform and open bottleneck on AVs,” Li added.
Baidu received the country’s first permit for commercial robotaxi services, a major milestone for Chinese self-driving car industry.
Jidu will use the proceeds on research and development as the company aims to unveil a concept car in April.
Baidu could eventually charge people to ride in its robotaxis—a milestone for the costly, years-long quest of self-driving cars.
China’s leading search engine Baidu is rushing to lead the race in popularizing driver-assistance features on consumer cars.
Baidu on Thursday unveiled a new robotaxi model, called Apollo Moon, with a manufacturing cost significantly lower than competitors.
Baidu in March became the first Chinese company permitted to offer robotaxi rides to paying customers by a local government.
Automakers in China is struggling to regain the momentum lost during a citywide lockdown in Shanghai that began in late March.
Accelerating passenger numbers for the Baidu self-driving pilot underscore China’s growing efforts to win the global autonomous vehicle race.
While Chinese companies won’t be the first to deliver road-ready lidar systems, they could be the first to do it at a practical price.