Jerome Cody
shared a link post in group #π¨π³ ChinA.I. π€π§ π¦Ύπ€ via #A Glance of China θ‘ζδΈε½
In Wuhan, China, Apollo Go's driverless taxis are offering rides at around $0.50 for six miles, much cheaper than traditional taxis' $2.48 for the same distance. The service, operated by Baidu, currently has 500 vehicles and plans to double to 1,000 by the end of 2024.
- The rapid adoption of low-cost robotaxis has raised concerns about job losses among gig economy workers amidst China's struggling economy.
- China's push in the autonomous vehicle market is bolstered by government initiatives and commercial licenses, with projected sector revenue of $300B to $400B by 2035.
- Apollo Go's low fares are due to temporary discounts and subsidies from local governments to encourage adoption.
- Social media backlash, especially on Weibo, highlights fears of job loss and market disruption from the robotaxi service's low pricing.
- Autonomous vehicle testing is progressing globally, but companies like Cruise and Waymo have faced recent setbacks due to safety and operational issues.
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#π¨π³ ChinA.I. π€π§ π¦Ύπ€
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Super cheap robotaxi rides spark widespread anxiety in China | CNN Business
In China, itβs possible to travel six miles in a driverless taxi for just about 50 cents.