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Article content (Bloomberg) — China is shaping up to be the first real test of Big Tech’s ambitions in the world of carmaking, with giants from Huawei Technologies Co. to Baidu Inc. plowing almost $19 billion into electric and self-driving vehicle ventures widely seen as the future of transport. While Apple Inc. has long had plans for its own car and Alphabet Inc. has Waymo, its autonomous driving unit, the size — and speed — of the move by China’s tech titans puts them at the vanguard of that broader push. The lure is an industry that’s becoming increasingly high tech as it pivot...

Users can hire an Apollo Robotaxi through the Apollo Go App. Alibaba-backed AutoX is ramping up its autonomous taxi plans. On Thursday, China’s technology giant Baidu has announced that it is launching paid driverless robotaxi services in Beijing from May 2. Technology firms across the world are working on their driverless cars, and Baidu’s robotaxi launch will make it one of the first companies globally to offer autonomous driving service.  Baidu has named its driverless taxi, Apollo Robotaxi. It will be launched in Beijing’s Shougang Park. The company said that there won’t be a s...

10 Best Automotive Stocks to Invest in Now Global car sales took a major battering due to the COVID-19 pandemic last year as the lockdown restrictions dramatically decreased demand for new vehicles. According to research by credit rating agency Moody’s, automotive unit sales plunged almost 16% in 2020, beating projections of a 14% drop at the beginning of the coronavirus crisis. This was the sharpest decline in car sales in many decades, even beating the 9% crash witnessed following the 2009 financial crisis. However, the rating agency forecast that sales would rebound in 2021.  London-bas...

 Stellantis will reduce shifts through the end of May at its  Jefferson North Assembly plant in Detroit;  Ford extended shutdowns for two additional weeks in  Chicago, Flat Rock, Michigan, and  Kansas City, Missouri; Subaru’s Indiana plant is down from April 19-30. Volkswagen has experienced a production loss of 100,000 vehicles globally as a result of the chip shortage, and the automaker said it will not be able to make up for the loss in 2021. IHS Markit estimates up to 3% of medium and heavy commercial vehicle production in certain regions could be impacted by the semicon...

26 April 2021 10:09 am / 0 comments According to a report by Reuters, Jidu Auto will invest 50 billion yuan (around RM31.6 billion) into producing smart cars over the next five years. The company is a joint venture between Baidu (55%) and Zhejiang Geely Holding Group (45%), with the partnership first being announced back in January this year. Jidu CEO Xia Yiping told the publication that the funding would come from Baidu and other investors, with the company aiming to launch its first EV in three years or sooner. He said the EV would target young customers and “look like a robot,” al...