2024-07-13 07:58:25 ET
Summary
- DiDi Global's stock dropped over 6% for two days due to concerns over the impact of Robotaxi on its China business.
- DiDi has been investing in autonomous driving technology since 2016 and is prepared for the potential widespread adoption of Robotaxi in China.
- DiDi's muted reaction to Baidu's early success with Robotaxi in Wuhan is strategic, as it aims to avoid creating more trouble with the Chinese government.
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DiDi Global: Fear Over Baidu's Robotaxi Overdone