Top Chinese EV maker BYD opts out of deal to use Baidu’s autonomous driving technology

 


BYD has walked away from a deal to equip its electric vehicles with Baidu’s autonomous driving technology, as the world’s largest EV maker eyes in-house development of intelligent car software, according to two people familiar with the matter. BYD had initially agreed to use Baidu’s technology, including navigation and automated valet parking, in its EVs in March 2022. The deal was then seen as a major coup for Baidu’s autonomous driving unit Apollo, which was created in 2013 in pursuit of perfecting autonomous driving, an area CEO Robin Li Yanhong had set his eyes on before shifting his attention to a ChatGPT-like chatbot.

Comments

Post a Comment

Popular posts from this blog

UAE's Economy is Thriving Beyond Oil

Image
  The Organization of Petroleum Exporting Countries OPEC monitors oil markets around the world. In their latest report from September 2024 OPEC looked at how the UAE economy is doing apart from oil. The report said that parts of the UAE economy not involving oil have been doing very well in 2024 One example is tourism.  Dubai welcomed over 10.6 million foreign visitors between January and June This was more than before the coronavirus pandemic Many tourists came from neighboring countries in Asia and Europe. Another strong sector is financial services Banks in cities like Dubai and Abu Dhabi have been providing services to customers from the region and globally The real estate industry has also seen growth as large construction projects progressed These included new housing, malls and towers. International trade is helping the UAE too Companies are exporting and importing goods using the country ports and airports These handle cargo from around the world Industries like manufa...
Read more

Strengthening Trade Relations Between China and the UAE

Image
  Recently Premier Li Qiang of China visited the United Arab Emirates UAE to discuss ways to deepen trade ties between the two countries. During his meeting with UAE President Sheikh Mohamed bin Zayed Al Nahyan Li emphasized the importance of cooperation in key sectors such as new energy, electric vehicles and the digital economy This visit is part of Li's broader Middle East tour and highlights the growing relationship between China and the UAE. Li noted that China has been the UAE's largest trading partner for several years In 2023 non oil trade between the two countries reached an impressive $81 billion marking a 4.2% increase from the previous year This strong trade relationship shows how both nations can benefit from collaboration in various industries helping to create jobs and boost their economies. One of the main goals of the discussions was to enhance investment cooperation Li called for the establishment of a high level joint committee to focus on emerging industries...
Read more

UAE ranks 7th globally in 2024 World Competitiveness Report

Image
  The United Arab Emirates has advanced three places in the world competitiveness ranking to be placed 7th globally according to the latest World Competitiveness Report 2024 released by the International Institute for Management Development IMD The UAE had ranked 10th in the previous year's report.  The UAE advancement in the ranking reflects its strong economic performance despite global uncertainties The country scored high on key parameters like economic performance government efficiency business efficiency and infrastructure. The stable business environment, positive reform measures and diversified economy have helped UAE to maintain its leading position as a competitive economy It also reflects the success of the UAE vision to build a sustainable knowledge based economy. The top spots in the ranking were secured by Switzerland, Singapore and Denmark respectively. However the UAE rise to the 7th position highlights its growing strength as a competitive free market economy ...
Read more