Baidu unveils autonomous vehicle without steering wheel By Reuters – Investing.com

BEIJING (Reuters) -China’s search engine giant Baidu Inc (NASDAQ:BIDU) on Thursday unveiled its new autonomous vehicle (AV) with a detachable steering wheel, with plans to put it to use for its robotaxi service in China next year.

Cost per unit will drop to 250,000 yuan ($37,031.55) for the new model, compared with 480,000 yuan for the previous generation, Baidu said in a statement.

“This massive cost reduction will enable us to deploy tens of thousands of AVs across China,” Baidu’s chief executive Robin Li said at the Baidu World conference. “We are moving towards a future where taking a robotaxi will be half the cost of taking a taxi today.”

The new vehicle will possess autonomous Level 4 capabilities that need no human intervention, with 8 lidars and 12 cameras alongside the car. Lidars are detection systems, similar to radars, which use pulsed laser light rather than radio waves.

The company did not disclose the manufacturer for the new model.

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source: https://news.oneseocompany.com/2022/07/20/baidu-unveils-autonomous-vehicle-without-steering-wheel-by-reuters-investingcom_2022072024027.html

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