Baidu's robotaxi unit is exploring expansion into global markets in the 'near future'

Published On Oct 8, 2024, 11:13 PM

Baidu's robotaxi unit, Apollo Go, is exploring expansion into global markets and is in talks with several firms. This comes after receiving regulatory approvals for commercial operations of self-driving taxis in areas like Beijing and Wuhan. Apollo Go has serviced over 7 million rides, and the company is making strides towards deploying fully autonomous taxi services without human staff. Additionally, Baidu is undergoing leadership changes with a new interim CFO appointed.

Stock Forecasts

Baidu's expansion into international markets could significantly enhance its growth potential and revenue streams, particularly in the emerging field of autonomous transportation. Success in new regions could lead to increased market share and investor confidence.

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Chinese tech company Baidu's robotaxi unit Apollo Go is in talks to expand overseas in the near future, according to a source familiar with the situation.