The launch marks a first milestone for the world’s largest maker of consumer drones in its push into the Chinese EV space.
Baidu received the country’s first permit for commercial robotaxi services, a major milestone for Chinese self-driving car industry.
BYD partners with US autonomous driving startup Nuro to make electric robocars for goods delivery services.
The idea of building an on-demand ride-hailing service for the skies is gradually getting off the ground in China.
Jidu will use the proceeds on research and development as the company aims to unveil a concept car in April.
The investment in Horizon reflects Chinese automakers’ growing anxiety about the ongoing semiconductor shortage.
The program is part of the company’s latest efforts to offer full-scenario autonomous driving capabilities by the middle of 2023.
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.