TECH - Tesla Is Betting Big On Robotaxi But This Rival Thinks Elon Musk's Vision Could Be 'More Than 5 Years Away' | Benzinga
Xpeng Inc. (NYSE:XPEV) Vice Chairman and Co-President Brian Gu expressed his skepticism about the immediate future of self-driving taxis as a lucrative business.
What Happened: Gu, speaking at the Beijing auto show, said that the commercial viability of robotaxis is at least five years away, reported CNBC on Thursday. This timeline is notably longer than what Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has suggested. Tesla is actively developing AI software for a robotaxi network.
“Right now it’s not something that we are considering when we are launching and planning the sales,” said Gu. Xpeng, a China-based electric car startup, has made driver-assist software a key selling point.
“To have a real, full-fledged commercial operation. I think it's more than 5 years away.”
Despite this, Gu acknowledged the interest in showcasing technology and achieving milestones in China, where companies like Baidu Inc. and Pony.ai have been authorized to charge for fully ...