Baidu leads in Chinese robotaxi market with over 1,000 vehicles in Wuhan

From Investing.com: 2024-09-07 06:00:00

The Chinese robotaxi market is a competitive sector driven by LIDAR technology and advanced neural networks. Baidu leads the pack with over 1,000 robotaxis in Wuhan, utilizing sophisticated sensors for remote control capabilities. Economically, robotaxi operations require scale to lower costs and achieve breakeven, with profitability projected by 2031. Expansion hinges on regulatory support and public acceptance.



Read more at Investing.com: Bernstein breaks down China’s robotaxi scene By Investing.com