Chinese search engine giant Baidu said on The Farmer’s Bride Requires Care! Part 2: The Organic Grand StrategyWednesday it expects its key robotaxi business to break even in the fourth quarter of this year and aims to be the first autonomous ride-hailing project to profit by 2025, as planned. The country’s top search engine unveiled its sixth generation self-driving car, a battery-powered multipurpose vehicle costing RMB 204,600 ($28,316), a fraction of its original price. The RT6, a four-seated all-electric van boasting a spacious cabin, manufactured by partner Jiangling Motors, measures 4.8 meters in length with a wheelbase of roughly 2.8 meters. It is powered by a swappable battery pack and equipped with dozens of sensors, including cameras and lidar units, to allow driverless operations. French market intelligence company Yole Développement estimated in 2018 that robocars would have to be priced at no less than $200,000.
Baidu said it plans to deploy 1,000 such vehicles by year-end in the central Chinese city of Wuhan, where it now operates a fully autonomous fleet with hundreds of robotaxis over 3,000 square kilometers (1,158 square miles). The Beijing-headquartered tech company, dubbed “China’s Google,” does not provide a full breakdown of its research and development costs, but chief executive Robin Li told Bloomberg in April 2021 that the firm spent RMB 20 billion on vehicle autonomy in 2020. Li added that the company was determined to invest hugely in self-driving technologies over the next 10-20 years. The latest move comes after news that the Chinese government would allow Tesla to test and operate robotaxis, an idea proposed by its boss Elon Musk during his visit to the country last month, according to a report by China Daily on May 9.
“With decreasing costs and increasing orders, Apollo Go’s unit economics (UE) is nearing break-even, expected to achieve balance in the fourth quarter of 2024 and turn profitable by 2025,” Baidu said in a press release. [TechNode reporting]
Note: This article has been updated to include an announcement released on May 15, which highlighted the unit economics (UE) of Baidu’s autonomous ride-hailing platform Apollo Go, not the company’s self-driving car business, is nearing break-even.
Best Samsung Frame deal: Free Music Frame with Frame Pro art TV purchase
Best Sonos deal: Save $113 on the Sonos Move 2 at Amazon
NYT Connections hints and answers for June 5: Tips to solve 'Connections' #725.
A List of Oculus Rift & HTC Vive VR Games to Look Out for in 2016
Better Buy: Previous
A List of Oculus Rift & HTC Vive VR Games to Look Out for in 2016
Ecuador vs. Brazil 2025 livestream: Watch World Cup Qualifiers for free
How to unblock RedTube for free in France
Secret commands found in Bluetooth chip used in a billion devices
The Ideal Smartphone for 2016
The 10 Most Anticipated PC Games of 2016
Best PlayStation deal: Save $30.99 on the DualSense Edge controller
Where is 'M3GAN' streaming? How to watch the original before the sequel hits theaters.
Switch 2 error code 2813
Why Building a Gaming PC Right Now is a Bad Idea, Part 2: Insane Graphics Card Prices
Second moon landing attempt ends in disappointment for Japan space firm
The 10 Most Anticipated PC Games of 2016
Best JBL deal: Save $10 on JBL Go 3 at Amazon
Sony launches new flagship XM6 headphones: Order them now
Grindr is testing AI chat summaries for paid users
Chadwick Boseman wins posthumous Emmy for Marvel animated series'1000 People of Dance' video captures humanity at its bestIs Apple's new iPhone 14 Pro actually 'deep purple' or another color?'Rick and Morty' Season 6 premiere explainer: All burning questions answeredPeople have the weirdest nicknames for their pets and yep, it's a meme nowThe sad silence of the National Parks Instagram accountsBest Apple Watch deal: Save $100 on the Apple Watch Series 7 at WalmartEveryone's taking their anger out on Sasuke in this hilarious new memeThe iPhone notch is no more on iPhone 14 ProApple Watch Series 8 introduces new ovulation and fertility trackingStephen King's take on the Trump shutdown is as blunt as you'd expect'The Lord of the Rings: The Rings of Power' cast condemn racist critics and commentsSerena Williams' daughter's doll Qai Qai is the real star of the Australian OpenWhy rumored Apple Watch fertility tracking raises privacy concerns'Wordle' today: Here's the answer, hints for September 8G2 Esports launches its first allEveryone's taking their anger out on Sasuke in this hilarious new memeBoo, the precious internet famous Pomeranian, is dead at age 12G2 Esports launches its first allSnap's layoffs are just the latest in Big Tech's belt What is subtle merch, and why is it all over TikTok? Black Friday MacBook deals: M1, M2, and M3 at record lows Not even Paris Hilton wants to advertise on Twitter / X Borg is the latest example of TikTok making campus life a spectacle Why the Father of Modern Neuroscience Was Obsessed with Fiction Your endless scrolling on TikTok could be ruining your relationship The Being of the Sentence Create a Spotify playlist with your Valentine to see your compatibility How to use ChatGPT Voice — have a natural convo with the AI chatbot Black Friday gaming console deal: Xbox Series S and Series X bundles are up to $120 off GoPro Hero 12 Black deal: Get the GoPro Hero 12 Black bundle for $349.99 What is a borg? The water jug drink college kids are making viral on TikTok, explained OkCupid uses ChatGPT to write matching questions Walmart Plus free trial: How to sign up for Black Friday 2023 deals Drawing Dogs in George Booth's Living Room Dominique Nabokov Photographs Artists’ Living Rooms Reading Roger Deakins’s Cinematography Blog Walmart Early Access deal: Beats Studio3 for $99 Reading the Police Blotter Best Black Friday Kindle deal: $105 off Kindle Scribe
2.3631s , 8194.2578125 kb
Copyright © 2025 Powered by 【The Farmer’s Bride Requires Care! Part 2: The Organic Grand Strategy】,Exquisite Information Network