Baidu to Deploy 1,000 Apollo Go Robotaxis in Dubai by 2028 Under RTA Deal

GuruFocus.com
03-29

Baidu (BIDU, Financials) said Friday that it will deploy 1,000 autonomous vehicles in Dubai over the next three years as part of a partnership with the citys Roads and Transport Authority.

  • Warning! GuruFocus has detected 3 Warning Signs with BIDU.

The deal is Apollo Go's first business use outside of China and Hong Kong. It also brings the mission to the Middle East. The business plans to start up with 100 fully driverless RT6 robotaxis by the end of 2025 and increase the number of cars to at least 1,000 by 2028.The RT6 model is Baidu's sixth-generation self-driving car and was made especially for driverless ride-hailing. The company says that Apollo Go has driven more than 150 million kilometers and done more than 10 million rides in China.Baidu got Hong Kong's first license to test self-driving cars in November 2024, which led to the growth. Soon after, Apollo Go started testing in the city. This was its first move into the right-hand-drive market.Baidu said that the Dubai rollout will start with testing the car system in crowded cities to see how well it works in those kinds of traffic situations. The company also said that all of its operations would be governed by local laws and would be suited to the city's transportation system.Dubai wants 25% of its transportation to be self-driving by 2030. The government has pushed for this goal through test projects and new rules. Yunpeng Wang, vice president and head of Baidu's Intelligent Driving Group, said in a statement that the relationship fits with both companies' plans to make self-driving cars more common.One month ago, Robin Li, co-founder and CEO of Baidu, met with local leaders at the World Governments Summit in Dubai. This news comes one month after that. The company said that the deal shows that the UAE government backs technology that lets cars drive themselves.

This article first appeared on GuruFocus.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10