Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

China's Didi Global to roll out self-developed robotaxis by 2025

Published 04/13/2023, 04:20 AM
Updated 04/13/2023, 10:05 AM
© Reuters. FILE PHOTO: The app logo of Chinese ride-hailing giant Didi is seen through a magnifying glass on a computer screen showing binary digits in this illustration picture taken July 7, 2021. REUTERS/Florence Lo/Illustration

By Josh Ye

HONG KONG (Reuters) - Chinese ride-hailing giant Didi Global said on Thursday that it is working with Chinese carmakers to develop its own robotaxis, which it aims to put into service by 2025, revealing a concept one with robotic arms it called "Didi Neuron".

The company said that it is collaborating with multiple new energy carmakers in China on developing robotaxis.

"We hope they can enter Didi's network and provide services by 2025," Didi Autonomous Driving COO Meng Xing said at a company event that was livestreamed online.

"We hope they will be domestically produced. We hope the supply chain is controllable, and even 90% of the key components inside can be domestically produced," he said.

He also showed off a robotaxi concept car called "Didi Neuron", with robotic arms that can help passengers pick up luggage.

The blue and white vehicle had no driver's seat, maximizing space for passengers.

Didi also announced a lidar sensor and a car computing device at the event, which showcased Didi's most significant developments for its autonomous driving plan in years as it looks to make progress after almost two years of regulatory troubles.

Didi began to develop and test autonomous driving vehicles (AV) in 2016 and its AV unit has raised hundreds of millions of dollars in investment from firms such as IDG Capital and Guotai Junan.

Didi allows users in some parts of Shanghai and the southern city of Guangzhou to hail self-driving cars through its main app. Swedish carmaker Volvo, owned by Geely, supplies Didi's self-driving fleet.

Didi ran afoul of Chinese regulators when in 2021 it pressed ahead with a U.S. stock listing against their wishes, sources previously told Reuters.

© Reuters. A Didi robotaxi concept car Didi Neuron is pictured in this handout picture released on April 13, 2023. Didi Global/Handout via REUTERS

China's cyberspace watchdog then launched cybersecurity investigation of the firm that forced it to take down its 25 mobile apps from app stores and suspend new user registration.

It later delisted from New York and was fined $1.2 billion over data-security breaches. In January, it was allowed to resume new user registrations.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.