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Baidu claims its robotaxis has captured 10% of the ride-hailing market in a Beijing suburb.

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Chinese language tech big Baidu’s robotaxis has grabbed about 10% of the ride-hailing market in suburban Beijing, the corporate stated on Tuesday.

VCG | Visible China Group | Getty Pictures

Beijing – In lower than two years, the Chinese language tech big Baidu’s Robotaxis has grabbed about 10% of the ride-hailing market in a suburb of the town of Beijing, the corporate stated throughout an earnings name on Tuesday.

Baidu’s US-traded shares fell 6.5% in a single day to $137.69 every. Shares are down greater than 7% for the yr up to now.

The Chinese language firm stated it has greater than 100 robotaxis working in its suburbs, with every car making greater than 20 journeys a day on common. Native rules require human workers to board the car with passengers.

In Beijing, Baidu can not but function its robotaxi enterprise on public roads within the central a part of the town. The one a part of Beijing the place Baidu can cost fares for rides on public roads is in a suburb known as Yizhuang, in keeping with firm data.

The world is about half-hour south of the middle of the Chinese language capital. The world is dwelling to a number of firms, together with the headquarters of e-commerce big JD.com.

Baidu began providing free robotaxis rides in Yizhuang Received approval to collect rent in October 2020, and November 2021.

Nonetheless, CNBC investigations of the Baidu robotaxi app confirmed that rides stay closely backed, at the same time as of Wednesday.

A half-hour journey from JD.com’s headquarters to a residential space in Yizhuang prices 5.36 yuan (79 cents) — and a reduction of 48.24 yuan is displayed.

A verify on start-up Pony.ai’s robotaxi app confirmed that the fare for a similar route was absolutely backed. Pony.ai acquired rental approval for its robotaxis in Yizhuang on the identical time Baidu did.

Learn extra about China from CNBC Professional

Baidu’s robotaxis enterprise, branded Apollo Go, operates in additional than ten cities in China. Apollo Go can cost fares in seven of these cities, the corporate stated.

In Tuesday’s earnings launch, Baidu stated it performed 287,000 public robotaxy rides within the second quarter, up 46% from the primary quarter.

Of that second quarter’s whole, robotaxis rides in Yizhuang accounted for greater than 60%, in keeping with CNBC’s calculations.

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