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Baidu says self-driving vehicle costs drop to US$34,525 as mass production ramps up

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Baidu says self-driving vehicle costs drop to US,525 as mass production ramps up

Chinese tech giant Baidu said on Tuesday that it has brought down the production cost of its Apollo RT6 self-driving vehicle to 250,000 yuan (US$34,525) per unit, marking a significant step towards making autonomous driving more accessible in China. Speaking at a trade event in Wuhan, capital of central Hubei province, Baidu co-founder, chairman and … Read more

Autonomous driving unicorn WeRide files for US IPO amid expansion plans in China, overseas

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Autonomous driving unicorn WeRide files for US IPO amid expansion plans in China, overseas

WeRide – a Cayman Islands holding company whose operations are mainly conducted by Guangzhou Wenyuan Zhixing Technology and its subsidiaries in mainland China – did not provide the amount of money it aims to raise from the Nasdaq listing, according to its filing with the US Securities and Exchange Commission on Friday. The company, which … Read more