Autonomous Vehicles

Founder and CEO of Baidu says that AI will alleviate China’s traffic congestion in 10 years.

Acclaimed industry leaders from China and Southeast Asia shared their thoughts on smart city development during the first installment of the Singapore x Asia Innovation Partnership Forum.

WeRide has been testing its vehicles in challenging urban conditions while Baidu plans a Beijing expansion for its autonomous driving service.

New proceeds could be used for research and development in autonomous driving technologies and global market development.

Robotaxis are already available in public streets, but limitations are there.

The startup provides a self-driving system priced at about RMB 250,000 (USD 36,151), one of the cheapest of its kind in China.

The startup intends to launch its robotaxi service in Shenzhen, Wuhan, and Wuhu in the near future.

The company generated RMB 26 million (USD 3.7 million) in revenue in Q2, down by 1% year-on-year.