Baidu IncBaidu's autonomous vehicles will begin road testing in London with a planned commercial robotaxi launch, expanding its market.
Lyft announced that Baidu’s autonomous vehicles will begin road testing in London within the coming weeks, with a commercial robotaxi launch planned for the second half of the year pending regulatory approval. Lyft will handle fleet management and customer bookings through its mobile app, while Baidu supplies the vehicles and self-driving systems. Fares are expected to be comparable to current ride prices with human drivers. The move intensifies regional competition, as local startup Wayve plans a summer launch with Uber and Waymo aims to enter London before next year ends.
Baidu IncBaidu's autonomous vehicles will begin road testing in London with a planned commercial robotaxi launch, expanding its market.
Uber Technologies IncUber faces increased competition as Lyft partners with Baidu for London robotaxis, and Wayve plans a summer launch with Uber.
Alphabet Inc Class C
LYFT IncLyft will manage fleet and bookings for Baidu's London robotaxi tests, expanding its service offering and potential revenue.
Wayve plans a summer launch with Uber, positioning itself in the London robotaxi market.