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.
There could be more consequences to come as Nio is in advanced plans to enter the competitive mass auto market.
Nickel price surge could further increase the cost of electric vehicles and force automakers to cut earnings forecasts.
Autonomous driving technologies are the most crucial part of intelligent and electric vehicles, president Wang said.
If Tusimple does successfully go public in the US, it would be the first self-driving company in the world to do so on a major financial market.
Accelerating passenger numbers for the Baidu self-driving pilot underscore China’s growing efforts to win the global autonomous vehicle race.
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.