BEIJING (Reuters) – China’s Baidu has received the licence to test autonomous vehicles with its Apollo robotaxi service in Hong Kong as it expands its footprint outside Chinese mainland. Baidu Apollo International Ltd was approved to conduct trials for 10 autonomous vehicle in North Lantau, according to a statement released by Hong Kong’s Transport Department…
Operating Cash Flow: Record $6.3 billion in Q3. Automotive Revenue: Growth both quarter-on-quarter and year-on-year. FSD Revenue: $326 million from Cybertruck and other features. Regulatory Credits Revenue: Over $2 billion year-to-date. Automotive Margins: Improved quarter-over-quarter. Energy Margins: Record at more than 30% in Q3. Operating Expenses: Declined quarter-over-quarter and year-on-year. CapEx: $3.5 billion in Q3,…
Tesla CEO Elon Musk has unveiled the company’s latest vehicle, the Cybercab, a fully autonomous self-driving car with no steering wheel, accelerator, or brake pedal. Musk showcased Tesla‘s latest innovations at the “We, Robot” event held at Warner Bros. Studios in Southern California. The spotlight was on the Cybercab, a self-driving taxi that he says…
The US Commerce Department is expected to propose new rules aimed at banning Chinese hardware and software in connected and autonomous vehicles on US roads. According to a report by Reuters, the move, driven by national security concerns, would prohibit the import and sale of vehicles from China with communication or automated driving system components….
WASHINGTON (Reuters) – The U.S. Commerce Department is expected on Monday to propose prohibiting Chinese software and hardware in connected and autonomous vehicles on U.S. roads due to national security concerns, sources told Reuters. The Biden administration has raised serious concerns about the collection of data by Chinese companies on U.S. drivers and infrastructure as…