Saturday, November 26, 2022
HomeTeslaBaidu beats Tesla: China's new self-driving taxi has a detachable steering wheel

Baidu beats Tesla: China’s new self-driving taxi has a detachable steering wheel

Baidu Inc. (NASDAQ:BIDU) has unveiled an autonomous vehicle (AV) equipped with a detachable steering wheel that can be removed or installed as needed.

What happened

The Chinese search engine plans to launch its all-electric vehicle, the Apollo RT6, in the domestic market next year as part of its robotaxi service.

Do you like cryptos and want to start trading? The eToro platform allows you to trade over 60 different cryptocurrencies!

The Apollo RT6 will be offered at a much lower cost of $37,000 per unit, compared to $71,020 for the previous generation, the company said in a statement.

“This massive cost reduction will allow us to deploy tens of thousands of AVs across China,” said Robin Ligeneral manager of Baidu.

“We are heading towards a future where taking a robotaxi will be half the cost of taking a taxi today.”

The technological colossus’ self-driving vehicle will possess level 4 capabilities that require no human intervention. It will carry 38 sensors, including 8 lidars and 12 cameras, to achieve very precise and long-range detection on all sides.

Why this matters

Baidu could give a hard time to Tesla Inc. (NASDAQ:TSLA)Elon Musk. The latter aims to launch mass production of its robotaxi without steering wheel or pedals in 2024, as announced at a conference with investors in April.

Price movement

Hong Kong-listed Baidu shares ended Thursday’s session down 1.49%, while in the US pre-opening, the firm’s ADR rose 0.18% to 140, $82, according to Benzinga Pro data.



Please enter your comment!
Please enter your name here

Most Popular