- Baidu ( NASDAQ: BIDU ) unveiled its next-generation fully autonomous vehicle (AV) Apollo RT6, an all-electric, production-ready model with a detachable steering wheel.
- Apollo RT6 is designed for complex urban environments with a per unit cost of RMB250K (~$37K) and will be put into operation in China in 2023 on Apollo Go, Baidu's autonomous ride-hailing service.
- "This massive cost reduction will enable us to deploy tens of thousands of AVs across China. We are moving towards a future where taking a robotaxi will be half the cost of taking a taxi today," said Robin Li, Co-founder and CEO of Baidu, at Baidu World 2022, the company's flagship technology conference.
- Speaking at Baidu World 2022, Zhenyu Li, senior corporate vice president of Baidu and general manager of Intelligent Driving Group (IDG), said the autonomous driving capability of Apollo RT6 is equivalent to a skilled driver with 20 years of experience.
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Baidu unveils next-gen all-electric autonomous vehicle, Apollo RT6