Tesla Robotaxis Hitting China's Streets Soon? EV Giant Reportedly Welcomed To Do Some Trials But No Full FSD Rollout Yet
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) has received approval from Chinese authorities to conduct robotaxi tests in China using its full self-driving (FSD) software, although widespread use of FSD functions has not been approved. This development follows CEO Elon Musk's visit to China and meeting with Chinese Premier Li Qiang. Additionally, Tesla has partnered with Baidu Inc. for lane-level mapping and navigation data in China, and two of its vehicles have met China's data security requirements, marking progress towards FSD deployment in China.
May 08, 2024 | 8:37 am
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Tesla's approval to test robotaxis in China using its FSD software represents a significant development in its efforts to expand its presence in the Chinese market. The partnership with Baidu for mapping data further supports its ambitions.
The approval for robotaxi tests in China is a positive development for Tesla, indicating progress in negotiations with Chinese authorities and potential for future growth in the Chinese market. The partnership with Baidu enhances Tesla's capabilities in China, making this news likely to be viewed positively by investors.
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