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Baidu Says They are a 'Generation Ahead’ of Tesla

Stock Markets Aug 16, 2022 12:29PM ET
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© Reuters. Baidu (BIDU) Says they are ‘A Generation Ahead’ of Tesla (TSLA)
 
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By Michael Elkins

Robin Li, co-founder, and executive chairman of Baidu (NASDAQ:BIDU), a Chinese technology company, recently made a statement saying that his company’s technology is “a generation ahead of the one already used by the North American brand Tesla” (NASDAQ:TSLA).

Baidu introduced its new electric and autonomous model, the Apollo RT6, a few days ago. The company announced last week that they had secured the first permits in China to offer commercial fully driverless robotaxi services to the public on open roads.

Baidu’s robotaxis utilize extensive use of LiDAR sensors. LiDAR sensors use pulsating light waves to provide a high-resolution 3D view of their surroundings, enabling autonomous vehicles to “see” the world in 3D. Tesla CEO, Elon Musk has repeatedly denied using this type of equipment on his models, despite the fact that most of the automobile industry sees it as a necessary element for the next generation of cars to achieve full autonomy.

"Our understanding of smart vehicles is that being electric is the semi-final while being intelligent is the final," said Li.

Li said that in the next 10-20 years, Baidu will focus on marathon-style investments to "ensure absolute leadership in artificial intelligence and autonomous driving technology.” He plans to deliver up to 800,000 units by 2028 and expand the robotaxis to 100 cities in China.

Baidu Says They are a 'Generation Ahead’ of Tesla
 

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Comments (11)
Wei Chen
Wei Chen Aug 17, 2022 9:11AM ET
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吹牛逼一个顶俩
Sagar Mahangoe
Sagar Mahangoe Aug 17, 2022 6:18AM ET
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Made in Chaaaina ?
Marco cuevas
Marco cuevas Aug 16, 2022 6:22PM ET
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Lol god these fake articles...sucker born every minute.
Mahesh Phulwani
Mahesh Phulwani Aug 16, 2022 2:46PM ET
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They dont need robotaxis in China when they have cheap labor. Maybe the taxi drivers will go to retirement, adding to the aging poulation
Doctor Jekyll
Doctor Jekyll Aug 16, 2022 2:28PM ET
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Chinese have very small ******
Mike Hygj
Mike Hygj Aug 16, 2022 2:28PM ET
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Commies always lie , Chinese bull *****
Dane Maralason
Dane Maralason Aug 16, 2022 1:19PM ET
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Keep in mind the degree to which the Chinese lie.
Dr Mark Hollands
Dr Mark Hollands Aug 16, 2022 1:11PM ET
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Would be great to add to portfolio
Tim Yarrow
Tim Yarrow Aug 16, 2022 12:48PM ET
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Hmmm. A general, globally applicable, FSD solution, or a tightly geo-fenced safety-box application? Hhhmmmm.
Tim Yarrow
Tim Yarrow Aug 16, 2022 12:47PM ET
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Hmmmm. A general FSD solution or a tightly geo-fenced safety box? Hhhmmm.
 
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