Connect with us

Hi, what are you looking for?

Financial Source ReportFinancial Source Report

Tech News

Baidu’s supercheap robotaxis should scare the hell out of the US

Baidu Apollo Go robotaxi
Image: Getty

Baidu’s robotaxi division, Apollo Go, just rolled out its latest robotaxi across multiple cities in China, and if stakeholders in the US aren’t nervous yet, they should be.

The RT6 is the sixth generation of Apollo Go’s driverless vehicle, which made its official debut in May 2024. It’s a purpose-built, Level 4 autonomous vehicle, meaning it’s built without the need for a human driver. And here’s the thing that should make US competitors nervous: adopting a battery-swapping solution, the price for one individual RT6 is “under $30,000,” Baidu CEO Robin Li said in an earnings call.

“All the strengths just mentioned above are driving us forward, paving the way to validate our business model,” Li added.

Continue reading…

You May Also Like

Tech News

Three advocacy groups are trying to amp up the pressure on Google for allegedly destroying company records. The American Economic Liberties Project, Check My...

Editor's Pick

The “Magnificent 7”, comprised of Apple (AAPL), Microsoft (MSFT), NVIDIA (NVDA), Meta Platforms (META), Amazon.com (AMZN), Alphabet (GOOGL), and Tesla (TSLA) have carried the...

Tech News

It’s time to dust off your VCR and clean the heads, because Alien: Romulus is coming to VHS as a limited edition on December...

Editor's Pick

Romina Boccia Ida May Fuller, the first person to receive a Social Security check, worked for just three years before receiving her first benefit...

Copyright © 2023 FinancialSourceReport.com All Rights Reserved.