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Wuhan steps up China’s robocar push with licence for Baidu
- The internet giant received a licence to test five of its self-driving cars in the capital of central China’s Hubei province
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The capital of central China’s Hubei province granted licences for companies to test self-driving vehicles, boosting robocar-related stocks on hopes that autonomous driving is closer to becoming a reality in the country.
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Internet giant Baidu got a licence for five of its self-driving cars, while Shenzhen Haylion Technologies and DeepBlue Technology Shanghai Co will trial a bus each, said Hu Haojun, an official at Wuhan’s department of transport.
A Baidu spokesman declined to elaborate. Representatives from the other two companies were not immediately reachable.
Shares of companies involved in self-driving technology rose on the mainland on Monday. Xingmin Intelligent Transportation Systems Group and DuoLun Technology both climbed by the 10 per cent daily limit, and Ningbo Shuanglin Auto Parts pared a similar gain to close up 5.4 per cent.
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China has ambitious plans for developing its transport sector, including a possible target of having 60 per cent of all cars sold in the country run on electric motors by 2035.
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