Tech giants join new energy auto trend

A resident gets on a Baidu Apollo minibus at the Shougang Park in Beijing on May 2, 2021. Photo: VCG

 
The development of the new energy automobile industry is in full swing, and more companies are joining the sector, including tech firms such as Baidu and Xiaomi. 

On Thursday, Baidu held an event in Beijing dedicated to its Apollo autonomous driving technology. The company announced an expansion of the Baidu Apollo robotaxi fleet, a tripling of the available safe road test mileage for autonomous vehicles and a significant update to its 5G Remote Driving solution.

First unveiled in June 2021, Apollo Moon is Baidu’s 5th generation of robotaxis for fully autonomous ride-hailing services in the smart transportation industry. Compared to the 4th generation of Apollo robotaxis, the Apollo Moon models have half the manufacturing cost and a tenfold performance increase. 

With the introduction of three models to its robotaxi fleet – Apollo Moon Arcfox, Apollo Moon WM Motor and Apollo Moon Aion – Baidu hopes to expand the options for Apollo Go customers in cities across China and lead the robotaxi market by 2030, when it is expected to be worth 1.3 trillion yuan ($203 billion).

Baidu is not alone. Since the announcement of car production in March, Chinese technology giant Xiaomi has accelerated its move into the automotive industry and has invested in a number of companies in the field of autonomous driving and power batteries.

Lei Jun, CEO of Xiaomi Group, announced in October that the company’s electric vehicles will officially enter mass production in the first half of 2024. He also said the company has made more progress on vehicles than he was expecting. 

Lei revealed that the electric vehicle manufacturing plant has received more than 20,000 resumes and has recruited a 453-person strong research arm. Lei said that Xiaomi’s electric vehicle business has, at the present stage, no plans for an IPO. 

Apple iPhone assembler Foxconn Group has also announced its plan to develop electric cars, and last month it unveiled three new models – an SUV, a sedan and a bus – which are being produced by Foxtron, a joint venture between Hon Hai and Taiwan Yulon Motor Co.

CNBC reported in September that Alibaba has made investments worth more than $300 million into Chinese autonomous driving start-up DeepRoute.ai.

The Shenzhen-based start-up makes self-driving systems for vehicles that involve hardware and software. DeepRoute.ai runs a fleet of autonomous taxis with some operated by its partners including ride-hailing firm CaoCao and automaker Dongfeng Motors. But the company is also developing technology for logistics.

Chinese tech giant Huawei Technologies Co has said it will not build its own cars but that it is helping auto companies build new energy autos.

It has launched a series of intelligent car components and solutions including a 4D imaging radar, another foray into the vehicle sector that analysts said could help it offset the impact of the US’ suppression of its mobile business.

Wang Jun, president of Huawei’s Intelligent Automotive Solution

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