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.
There could be more consequences to come as Nio is in advanced plans to enter the competitive mass auto market.
Autonomous driving technologies are the most crucial part of intelligent and electric vehicles, president Wang said.
The Chinese capital has authorized delivery robots to begin operating commercially on city streets for the first time.
A management reshuffle signals commitment as Huawei tries to break into the fast-growing autonomous and electric vehicle sector.
SAIC is among a list of state-backed automotive majors shifting towards startup chipmaker Horizon Robotics as a domestic substitute for global suppliers.
The move is a direct response to consistent concerns among existing carmakers about the potential threat of Huawei entering the industry and manufacturing its own cars.
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.
Big auto and big tech announced EVs at Auto Shanghai 2021, putting pressure on young EV upstarts.