Baidu received the country’s first permit for commercial robotaxi services, a major milestone for Chinese self-driving car industry.
The launch marks a first milestone for the world’s largest maker of consumer drones in its push into the Chinese EV space.
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 program is part of the company’s latest efforts to offer full-scenario autonomous driving capabilities by the middle of 2023.
The investment in Horizon reflects Chinese automakers’ growing anxiety about the ongoing semiconductor shortage.
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.