Market Chatter: Baidu Plans Robotaxi Launch in Singapore, Malaysia

MT Newswires
20 Jun

Baidu (HKG:9888) is planning to roll out its Apollo Go robotaxi service in Singapore and Malaysia as early as this year, as the Chinese tech giant expands its autonomous driving footprint overseas, Bloomberg reported Friday, citing a person familiar with the matter.

Apollo Go is currently in talks with potential partners to determine suitable business models for both markets, the report said.

The move comes just as Tesla prepares to unveil its Cybercab robotaxi network, with CEO Elon Musk betting heavily on self-driving technology, the report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10