baidu

Autonomous driving is one of an array of emerging technologies from artificial intelligence to renewable energy that China companies are pouring billions of dollars into trying to create, urged on by the ruling Communist Party.BEIJING - With no one at the wheel, a self-driving taxi developed by tech giant Baidu Inc. is rolling down a Beijing street when its sensors spot the corner of a delivery cart jutting into its lane. The taxi stops a half-car-length away. "So sorry," a recorded voice tells passengers. The steering…

Baidu’s electric vehicle (EV) arm Jidu Auto has launched a “robot” concept car, the first vehicle to be revealed by a Chinese internet company. The concept car, which is free of door handles and can be fully controlled via voice recognition, was launched through an online press conference held on Baidu’s metaverse-themed app Xirang. Jidu, an EV venture controlled by Baidu and co-funded by Chinese automaker Geely, plans to mass produce the model, which would be 90% similar to the concept car, in 2023. The ‘robot’ EVs will…

Jidu Robo-1is posing serious threats to Tesla’s market dominance in the near future The sale of electric vehicles grew massively within the years 2021 to 2022. Several automotive dealers are coming up with distinct types of cars with extravagant features that are attracting loads of car enthusiasts. Currently, Tesla is one of the largest and the most well-known producers of electric vehicles on a global basis, but according to experts, soon Tesla will be overshadowed by Baidu. The company’s new Jidu Robo-1…

Automakers in China are putting a lot of money into assisted driving technology, with Baidu and Geely among those rushing to gamble on making assisted driving a reality. Jidu, an electric vehicle venture controlled by Baidu and co-funded by Chinese automaker Geely, unveiled a concept car that it claims is 90% of what buyers would purchase for around $30,000 next year. Joe Xia, the CEO of the joint venture, established almost a year ago after Baidu and Geely agreed to a partnership, recently said: “It’s a car, and, even…

BEIJING: Baidu's electric vehicle (EV) arm Jidu Auto launched a "robot" concept car, the first vehicle to be revealed by a Chinese internet company. The concept car, which is free of door handles and can be fully controlled via voice recognition, was launched through an online press conference held on Baidu's metaverse-themed app Xirang. Jidu, an EV venture controlled by Baidu and co-funded by Chinese automaker Geely, plans to mass produce the model, which would be 90 percent similar to the concept car, in 2023. The…

The collaboration with Geely could give Jidu a big boost when it comes to the notoriously tricky business of making cars at high volume and with high reliability, says Tu Le, managing director of Sino Auto Insights, an analyst firm focused on China’s automotive sector. He adds that China’s auto industry is electrifying at a faster pace than either Europe or the US because of government policies, a less entrenched gasoline-powered industry, and because such a large population allows new technologies to catch on more…

Iris Deng / South China Morning Post: China's iQiyi, a streaming service majority-owned by Baidu and listed on the Nasdaq, reported its first quarterly profit, $26.7M in Q1, after cutting spending — The Nasdaq-listed company, majority-owned by search giant Baidu, made a profit of 169.1 million yuan (US$26.7 million) … Iris Deng / South China Morning Post: China's iQiyi, a streaming service majority-owned by Baidu and listed on the Nasdaq, reported its first quarterly profit, $26.7M in Q1,…

Chinese internet stocks jumped, after results from Alibaba BABA 14.79% Group Holding Ltd. and Baidu Inc. BIDU 14.14% came in ahead of the market’s downbeat expectations. The rally, which extended a period of extraordinary volatility for the sector, began in the U.S., where American depositary receipts in both companies leapt by more than 10% Thursday. That helped fuel a 7.6% advance in…

China's search engine giant Baidu surpassed quarterly revenue estimates on Thursday as a resurgence of COVID-19 in China and accompanying restrictions boosted demand for its cloud and artificial intelligence (AI) products.The news drove Baidu's US-listed shares more than 5 percent up in pre-market trading even as the company cautioned that the second quarter would be more challenging.Revenue for the three months to March 31 rose 1 percent to CNY 28.41 billion (roughly Rs. 32,748 crore), the slowest growth in six quarters,…

Chinese tech companies Baidu's Apollo Go and Pony.ai announced Thursday they received permission from Beijing city authorities to remove the safety driver for part of their robotaxi business in a suburban part of the city.Vcg | Visual China Group | Getty ImagesBEIJING — China's capital city has moved one step closer toward letting ordinary people take robotaxis with no driver in them.In a first for the country, two Chinese companies — Baidu's Apollo Go and Pony.ai — announced Thursday they received permission from Beijing…