Latest news with #autonomousvehicles
Bloomberg
2 hours ago
- Business
- Bloomberg
China's Baidu Eyes Robotaxi Expansion to Singapore and Malaysia
Baidu Inc. is planning to launch its Apollo Go robotaxi service in Singapore and Malaysia as early as this year, according to a person familiar with the matter, as the company continues to expand its global footprint. Apollo Go is in discussions with potential partners to explore the right business models for the two markets, said the person, who asked not to be identified discussing private matters. Baidu Chief Executive Officer Robin Li has previously said the company was seeking partners such as mobility service providers, local taxi companies and third-party fleet operators for an asset-light approach.
Yahoo
12 hours ago
- Automotive
- Yahoo
Tesla Faces Calls to Postpone Robotaxi Rollout in Austin
Tesla (NASDAQ:TSLA) was pressed by a group of Democratic lawmakers to defer its planned Austin robotaxi launch until September, when Texas's new autonomous-vehicle law takes effect. In a Wednesday letter, Austin-area legislators said delaying the debut would bolster public safety and foster community trust, urging Tesla CEO Elon Muskwho had tentatively eyed a launch this Sundayto submit detailed compliance plans for the incoming rules. The legislation, pending the governor's signature, will mandate operational permits for autonomous fleets, grant state authorities power to revoke them over safety breaches and require emergency-response protocols. Tesla's initial robotaxi fleet may include 1020 Model Y vehicles operating only in zones deemed safest, according to Musk's January announcement. Investors and analysts are closely watching the rollout, as much of Tesla's market valuation hinges on autonomous ride-hailing and humanoid roboticstechnologies yet to hit the road. With TSLA shares flat over the past week, any regulatory hiccup could heighten skepticism around the timeline for mass adoption. Competing firms and legacy automakers are monitoring Texas's framework as a potential blueprint for future deployments. Why It Matters: A delay could push back revenue projections tied to ride-hailing services and shape investor expectations for Tesla's autonomy roadmap. This article first appeared on GuruFocus.
Yahoo
14 hours ago
- Automotive
- Yahoo
Tesla's Next Big Catalyst Faces Delay--Robotaxi Launch Under Scrutiny
June 19 A group of Democratic lawmakers from the Austin area is urging Tesla (NASDAQ:TSLA) to postpone its planned rollout of robotaxis until a new autonomous vehicle law takes effect in Texas, according to a Wednesday letter shared with media. The lawmakers said the delay would allow the company to better align with forthcoming safety regulations and build public confidence. Tesla CEO Elon Musk recently indicated that a soft launch could begin as early as this Sunday. The incoming legislation, currently awaiting the governor's signature, would introduce a permitting framework for self-driving vehicles and give the state authority to revoke those permits if safety concerns arise. It also includes requirements for emergency protocols during autonomous operations. Lawmakers have asked Tesla to provide detailed information on how it intends to meet these conditions if it moves forward ahead of the law's expected September implementation. In January, Musk said the company would offer paid autonomous rides in Austin starting in June. Early reports suggest the pilot program may use a fleet of 10 to 20 Model Y vehicles in select neighborhoods deemed safest by the company. The robotaxi program remains a focal point for Tesla investors and analysts, given the potential revenue implications tied to autonomous driving and robotics. This article first appeared on GuruFocus.
CTV News
15 hours ago
- Automotive
- CTV News
Honda-backed Helm.ai unveils vision system for self-driving cars
The company logo is on display outside a Honda dealership Monday, July 22, 2024, in Highlands Ranch, Colo. (AP Photo/David Zalubowski) Honda Motor-backed on Thursday unveiled its camera-based system to interpret urban environments, dubbed Vision, and said it was in talks with other automakers to deploy its self-driving technology in mass-market vehicles. is working with the Japanese automaker to integrate its technology in the upcoming 2026 Honda Zero series of electric vehicles, which will allow users to drive hands-free and take their eyes off the road. 'We're definitely in talks with many OEMs and we're on track for deploying our technology in production,' CEO and founder Vladislav Voroninski told Reuters. 'Our business model is essentially licensing this kind of software and also foundation model software to the automakers.' The California-based startup's vision-first approach aligns with Elon Musk's Tesla, which also relies on camera-based systems as alternate sensors such as lidar and radar can increase costs. However, Voroninski said while has foundation models that work with other sensors, its primary offering remains vision-focused. Industry experts say other sensors are critical to safety as they can act as backup for cameras, which are known to underperform in low-visibility conditions. Robotaxi companies such as Alphabet's Waymo and May Mobility use a combination of radar, lidar and cameras to perceive their surroundings. has raised US$102 million to date and counts Goodyear Ventures, Korean auto parts maker Sungwoo HiTech and Amplo among its investors. Vision combines images from multiple cameras to create a bird's-eye view map, which helps improve the vehicle's planning and control systems, the company said. The system is optimized for several hardware platforms made by the likes of Nvidia and Qualcomm. This enables automakers to incorporate Vision into their existing vehicle systems, which include their own technologies for predicting and planning vehicle movements. Reporting by Akash Sriram in Bengaluru; Editing by Shreya Biswas, Reuters
Yahoo
15 hours ago
- Automotive
- Yahoo
Tesla's Next Big Catalyst Faces Delay--Robotaxi Launch Under Scrutiny
June 19 A group of Democratic lawmakers from the Austin area is urging Tesla (NASDAQ:TSLA) to postpone its planned rollout of robotaxis until a new autonomous vehicle law takes effect in Texas, according to a Wednesday letter shared with media. The lawmakers said the delay would allow the company to better align with forthcoming safety regulations and build public confidence. Tesla CEO Elon Musk recently indicated that a soft launch could begin as early as this Sunday. The incoming legislation, currently awaiting the governor's signature, would introduce a permitting framework for self-driving vehicles and give the state authority to revoke those permits if safety concerns arise. It also includes requirements for emergency protocols during autonomous operations. Lawmakers have asked Tesla to provide detailed information on how it intends to meet these conditions if it moves forward ahead of the law's expected September implementation. In January, Musk said the company would offer paid autonomous rides in Austin starting in June. Early reports suggest the pilot program may use a fleet of 10 to 20 Model Y vehicles in select neighborhoods deemed safest by the company. The robotaxi program remains a focal point for Tesla investors and analysts, given the potential revenue implications tied to autonomous driving and robotics. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
