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Chinese autonomous driving company WeRide had a weak start on the Hong Kong Stock Exchange. The company’s shares opened down about 8% on its trading debut. This poor performance followed a similar drop for its rival, Pony.ai. Combined, the two robotaxi firms raised nearly $1.2 billion in their share offerings. WeRide raised roughly $308 million…
Tesla announced it will debut its long-anticipated autonomous vehicle Cybercab at the (CIIE) in Shanghai, running from November 5–10. The electric carmaker shared the news via a post on social media by one of its executives, marking a key milestone in the company’s push into the Chinese market. The Cybercab is part of Tesla’s move…
During the latest Tesla earnings call, CEO Elon Musk changed the focus entirely. Instead of discussing weak electric vehicle (EV) demand, Musk highlighted two future projects. These were the Robotaxi and the Optimus humanoid robot. This strategic pivot suggests Tesla’s priorities are shifting from traditional car sales. Musk emphasized that true self-driving technology and robotics…
Chinese tech giant Baidu is expanding its autonomous driving business into Europe. The company just signed a deal with PostBus in Switzerland. PostBus is the country’s leading public transport provider. This partnership is a major win for Baidu’s Apollo robotaxi platform. This move marks Baidu’s first commercial push into the European market. They will supply…
The US government is investigating Waymo’s robotaxis due to safety concerns around school buses. The investigation follows reports of the autonomous vehicles potentially failing to stop when children are getting off school buses. Waymo, owned by Alphabet Inc., is one of the leaders in autonomous vehicle technology. However, the recent concerns have raised questions about…
