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Baidu Gets Approval for Commercial Robotaxis in Beijing. The Stock Rose.

November 26, 2021
Source: editorials24.com editorials24.com
News Snapshot:
Text size Chinese tech titan Baidu (ticker: BIDU) received approval Thursday to operate commercial driverless robotaxi services in a specified zone in Beijing, sending the stock higher in Hong Kong trading. Toyota (7203.Japan)-backed self-driving start-up Pony.ai Inc. was also granted a license , in the first ever regulatory approvals for paid driverless taxis by Chinese authorities, after testing periods. Baidu’s Apollo Go service, known as Luobo Kuaipao in China, has been given authorization to pick up and drop off paying passengers in a 60 square kilometers area in the Beijing Economic and Technological Development Zone. The company’s fleet of 67...
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Tags: AI | Apollo | automobile | Baidu | Beijing | BIDU | China | Chinese | crackdown | development | Economy | holiday | Hong Kong | IT | Japan | KONG | license | profit | revenue | Robotaxi | sales | search engine | stocks | technology | Toyota

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