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Baidu to Focus on Autonomous EV Business

Baidu Internet Company is about to develop an autonomous electric vehicle (EV) company. The major stockholder is the Chinese firm with a partial stock from Geely Auto Group. As there’s a promising prospect on cloud computing and self-driving software, Baidu is keen on expanding its business in these areas as well. The company’s project known as Apollo, a driver-free vehicle, is still being tested in Beijing’s robotaxis. Baidu's DuerOS technology, Speech and Image Recognition application, can also be used in cars deign. As the Chinese government aids the auto industry, transforms the infrastructure, and invests in car-related technology, the country’s EV business has been expanding. In the competitive market with presence of giants like Tesla, Nio, and Xpeng Motors, Baidu tries hard to keep a pace! Samira H.
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By Samira Hassanzadeh on October 19, 2021

Asia Well Behind Europe in EV

Fitch Solutions recently announced although China is amongst top contributors to electric vehicle (EV) industry, Asia drops behind Europe. Head of Autos Research at Fitch Solutions, Anna-Marie Baisden, said this is because the governments in Europe are taking bigger steps to expand in EV market. When it comes to EV business in Asia, China comes to mind as it supplies roughly 90% of sales, she continued. In Europe, good measures are taken after the pandemic including evolution of infrastructure and national stimulus, she said. On Japan and India, she said, the countries’ slow pace in EV business results from several factors. Lack of incentive plans in Japan in spite of its essential demand is one reason, Baisden added. However, she said, plans are underway to go ahead with financial support to buy locally, especially that Tokyo’s target is to sell all new hybrid or electric cars by the year 2030. She also said despite India’s good capabilities in EV, its demographics might cause problems. Samira H.
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By Samira Hassanzadeh on October 19, 2021

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