Baidu Launches Commercial Fully Driverless Ride-Hailing Service In Shenzhen, Expanding Nationwide Operations
Portfolio Pulse from Happy Mohamed
Baidu has obtained licensing for commercial operation of its fully driverless ride-hailing service in Shenzhen, expanding its nationwide operations. Apollo Go robotaxis will operate daily across 188 square kilometers in Shenzhen. The company has provided over 2 million rides by Q1 2023, making it the world's largest autonomous ride-hailing service provider.

June 16, 2023 | 1:22 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Baidu's Apollo Go has obtained licensing for commercial operation of its fully driverless ride-hailing service in Shenzhen, expanding its nationwide operations and making it the world's largest autonomous ride-hailing service provider.
The licensing for commercial operation in Shenzhen expands Baidu's nationwide operations and strengthens its position as the world's largest autonomous ride-hailing service provider. This expansion is likely to have a positive impact on Baidu's stock price in the short term as it demonstrates the company's growth and potential for further expansion in China.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100