Chinese group’s Apollo has drawn strong opposition from local taxi drivers
Well, this is one way to drive new tech growth. China’s answer to Google is betting big on robotaxis in China to revitalise its business. So far, that is working. Baidu has a head start on Tesla and the faster than expected take-up of its robotaxi Apollo Go has boosted shares in the search engine and artificial intelligence group. But Baidu’s progress faces risks at home. Baidu is leading the autonomous driving market in China.
It will not be long, however, before Baidu starts to face stiff competition in this sector. In addition to local rivals Pony.ai, AutoX and WeRide, Tesla is reported to have been granted approval to test its advanced driver-assistance system in Shanghai, with its robotaxi expected to be unveiled next month So far, Baidu’s head start in mass production of robotaxis is giving it an edge.
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