Jidu will use the proceeds on research and development as the company aims to unveil a concept car in April.
Chinese AV players are shifting their attention to more practical applications amid growing uncertainties surrounding the future of robotaxis.
The Inceptio production plan with Chinese auto majors is the latest sign of early-stage commercialization of self-driving trucks.
The program is part of the company’s latest efforts to offer full-scenario autonomous driving capabilities by the middle of 2023.
The partnership is the latest example of driverless tech firms rushing to work with more consumer-facing companies.
Xpeng Motors led a investment in Zvision Technologies, a Chinese startup that makes lidar sensors for self-driving cars.
Baidu could eventually charge people to ride in its robotaxis—a milestone for the costly, years-long quest of self-driving cars.
The investment in Horizon reflects Chinese automakers’ growing anxiety about the ongoing semiconductor shortage.
Baidu in March became the first Chinese company permitted to offer robotaxi rides to paying customers by a local government.
China’s leading search engine Baidu is rushing to lead the race in popularizing driver-assistance features on consumer cars.