ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

BIDU Baidu Inc

100.875
-0.555 (-0.55%)
Last Updated: 14:49:42
Delayed by 15 minutes
Name Symbol Market Type
Baidu Inc NASDAQ:BIDU NASDAQ Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.555 -0.55% 100.875 100.79 100.95 101.4542 100.43 101.21 261,208 14:49:42

Baidu Plans to Mass Produce Autonomous Cars in Five Years

03/06/2016 5:00am

Dow Jones News


Baidu (NASDAQ:BIDU)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Baidu Charts.

HONG KONG—Chinese search-engine giant Baidu Inc. Senior Vice President Wang Jing said Friday that the company plans to mass produce a driverless car in five years.

Baidu, which is China's largest search-company with 80% market share, is already testing its model on public roads in Beijing and in Wuhu, in China's southeastern Anhui province, and in a closed testing area in Shanghai. Speaking at The Wall Street Journal's Converge technology conference, Mr. Wang said he hopes Baidu's car can be tested in 10 cities across China to experience different weather, road and traffic conditions.

Mr. Wang added that the race to make self-driving cars is a big enough space for both Baidu and Google parent Alphabet Inc.

"The market right now is very early so it's big enough for many players," Mr. Wang said. "I don't think anyone can dominate this area."

Details of how self-driving cars will communicate with other cars on the road—with both human and robotic drivers—are still being hammered out, Mr. Wang said, adding, "I don't think right now self-driving cars can handle a policeman waving to you."

Still, he said the biggest benefit for automated cars in China will be to improve safety and increase ride sharing. Mr. Wang said 93% of accidents in China are currently caused by human error, and that Baidu is open to partnering with ride-sharing companies. Baidu already has invested in Uber Inc. and Uber China, but wouldn't dismiss working with Uber's homegrown rival in China, Didi Chuxing, formerly known as Didi Kuaidi.

One of the biggest hurdles for automated cars is policies and laws that lag behind the technology. Mr. Wang said he hopes China will follow suit in revising laws, and that countries will gradually change their infrastructure to accommodate automated vehicles.

"It won't happen overnight," he said, adding that he hopes Baidu can launch its car in multiple countries simultaneously.

When it comes to style, Mr. Wang said the first batch of self-driving cars will still have steering wheels—even though they don't really have too—in case people want to "drive for fun."

Write to Alyssa Abkowitz at alyssa.abkowitz@wsj.com

 

(END) Dow Jones Newswires

June 02, 2016 23:45 ET (03:45 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

1 Year Baidu Chart

1 Year Baidu Chart

1 Month Baidu Chart

1 Month Baidu Chart

Your Recent History

Delayed Upgrade Clock