Volvo is working with Baidu to create a self-driving taxi for China. The partnership will give the manufacturer access to the search engine operator’s autonomous driving software, Apollo. In addition to its own hardware and software solutions, Volvo has been developing an app that would allow drivers in China to hail taxis using their smartphones. Volvo is relying on selling these taxis to ride-hailing companies to help it reach its 2025 target of a third of sales coming from autonomous cars. Goldman Sachs analysts believe the value of the ride-hailing market could achieve an eightfold increase to $285 billion by 2030. It does not have a date for commencing production, but reiterated its intent to establish itself in the Chinese market.
Volvo is working with Baidu to create a self-driving taxi for China. The partnership will give the manufacturer access to the search engine operator’s autonomous driving software, Apollo. In addition to its own hardware and software solutions, Volvo has been developing an app that would allow drivers in China to hail taxis using their smartphones. Volvo is relying on selling these taxis to ride-hailing companies to help it reach its 2025 target of a third of sales coming from autonomous cars. It does not have a date for commencing production, but reiterated its intent to establish itself in the Chinese market.