Du Le, managing director of Jiji Auto, said that the cooperation with Geely could greatly boost Jiji’s development in the notoriously tricky business of manufacturing high-volume and high-reliability vehicles. Sino Auto Insights, an analytics firm focused on the Chinese automotive industry. He added that China’s auto industry is electrifying faster than Europe or the United States because of government policies, the gasoline-powered industry is less entrenched and such a large population enables new technologies to catch on faster.
Robo-1 showcases the scale, innovation and rapid development of China’s auto industry Mingyu Guanis a partner at McKinsey & Company, specializing in the industry. Most of China’s big internet companies are developing automotive technology in one way or another, and consumers want an app-like experience in their vehicles, Guan said. “China is like a leading beacon for the industry,” Guan said.
Baidu and Jidu have entered the field of automobile manufacturing together, which is also a symbol of the development of China’s technology industry. Over the past few years, large internet, social media, and popular app companies have faced increasing regulatory scrutiny and pressure to, for example, create tough new rules around data privacy and algorithm transparency.
The Chinese government has also expressed its intention to regulate the internet more strictly, while encouraging the development of technologies of long-term economic importance. Baidu and others are clearly keen to reinvent themselves by focusing on “deep technologies” that the state deems more valuable, including electric vehicles and autonomous driving.Baidu’s latest quarterly results released in May also showed that Baidu AI Cloud’s revenue 45% YoY growth in Q1 2022, while online marketing revenue fell 4%. Net loss for the period was $133 million.
Baidu has invested heavily in autonomous driving and has been encouraged by the government. In November 2017, the Chinese government named Baidu the One of the few AI “national champions” And give the company the responsibility to build a self-driving platform that can be used across the industry. Government support also gives Baidu an advantage in partnering with incumbent car companies. In March, the company published more than 3,700 patent applications related to the technology in China. In April, Baidu’s self-driving taxi service Apollo Go, which is already operating in 10 Chinese cities, received China’s first license. Testing self-driving cars without a driver Driving in Beijing.
Apollo also integrates with the smart city platform sold by Baidu, which has been adopted by 41 cities in China. The platform promises to help local authorities use artificial intelligence to predict and manage congestion, road safety and pollution. Baidu CEO Robin Li touted the potential of autonomous driving in reducing road accidents, congestion and carbon emissions in China at Baidu’s annual developer conference in December 2021.
Greater progress in China’s auto industry will undoubtedly be encouraged, in large part by the rise of electric vehicles. According to data, China’s electric vehicle sales in 2021 will increase by 169% year-on-year Data from China Passenger Car Association, an industry organization. By 2021, electric vehicles will account for 14.8% of car sales in China, compared with 4.1% in the United States.Chinese car companies are now Exporting more and more electric vehicles to Europe.