Baidu's robotaxi unit expects to turn profitable next year
BIDUBIDU(BIDU) CNBC·2024-05-15 12:56

A driverless robotaxi autonomous vehicle developed by Baidu Apollo driving along a street in Beijing.SHANGHAI — Chinese tech company Baidu said Wednesday its Apollo Go robotaxi arm expects to turn profitable next year.The projection comes as Elon Musk has emphasized his plans to build up Tesla's robotaxi efforts amid a decline in revenue. Baidu is one of the major players in China's nascent robotaxi market and received permission from a Beijing city district to begin charging fares in November 2021.While mo ...