Chinese tech company Baidu said its robotaxi business in large cities is close to gaining the same traction with locals as traditional ride-hailing services.
During the third quarter, each of Baidu's self-driving taxis completed an average of more than 15 rides a day in Beijing, Shanghai and Guangzhou, CEO Robin Li said Tuesday, according to a FactSet transcript of the earnings call.
In Beijing, Shanghai and Guangzhou, Baidu's robotaxis — branded Apollo Go — can only operate in certain suburban areas.Baidu got approval to charge fares for its robotaxi rides in the Beijing suburb of Yizhuang in November 2021.said its robotaxi business in large cities is close to gaining the same traction with locals as traditional ride-hailing services.
"According to our knowledge, this number is quite close to the average daily rides for traditional ride-hailing services," Li said. He did not share how many cars were in each local fleet.
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