Baidu Becomes World’s Largest Autonomous Driving Services Provider: CEO Says

Visitors learn about Baidu Apollo’s autonomous driving system at the Shanghai Auto Show on April 19, 2021. Photo: VCG

Chinese internet giant Baidu has said it has become the world’s largest autonomous driving service provider, after years of exploring autonomous driving technology, and aims to expand services to more cities.

Baidu’s autonomous ridesharing platform Apollo Go made 115,000 trips in the third quarter, making Baidu the world’s largest autonomous mobility service provider, Baidu CEO Robin Li said in a letter. internal to the company’s staff members on Wednesday after the company released its quarterly financial result report.

Apollo Go now operates in Beijing, Guangzhou, Guangdong Province (South China), Changsha, Hunan Province (Central China), Cangzhou, Hebei Province (North China) and Shanghai, where passengers can hail a robotaxi using the mobile platform. Baidu aims to expand its Apollo Go service to 65 cities by 2025 and 100 cities by 2030, Li added.

Apollo L4 has accumulated more than 10 million test kilometers, up 189% year-over-year, and has received 411 autonomous driving licenses, reflecting Apollo’s wide geographic coverage and its many different scenarios. ‘test, according to the results. The trips provided by Apollo Go have doubled sequentially. As of September 2021, the Apollo platform had more than 210 partners, 65,000 global developers and 700,000 lines of open source code.

Baidu released its third-quarter financial results on Wednesday, showing that its total revenue reached 31.9 billion yuan ($ 4.95 billion) as of September 30. Non-GAAP attributable net income amounted to 5.1 billion yuan, which exceeds market consensus.

Baidu attributed the boom in self-driving to long-term investment in reform and development (R&D). In the third quarter of this year, its R&D spending reached 6.2 billion yuan, an increase of 35% year-on-year.

“Baidu is bringing innovation to consumers, businesses and the public sector through our commitment to AI,” Li said, adding that his AI Cloud is helping businesses serve their customers better and move faster with more. high efficiency.

With a diverse AI portfolio, including cloud services, smart transportation, smart devices, autonomous driving, smart electric vehicles and a robotaxi, we are well positioned for long-term growth, said Rong Luo, director Baidu Financial.

According to a recent report from IHS Markit, the main potential of the autonomous vehicle market in the future will be based on business models such as robots, which are expected to account for over 60% of the future Chinese mobility sharing market. by 2030, exceeding $ 201 billion. .

Market watchers have said that the future travel ecology focused on autonomous driving will most likely generate an extremely large market. China could become the world’s largest autonomous driving market and a major player on the track in the future.

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