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Baidu's car-building unit JiDU Auto will unveil its first concept robot car in the first half of 2022, with mass production and delivery in 2023, the Chinese search engine giant said today.
Baidu $Baidu (BIDU.US)$ $BIDU-SW (09888.HK)$ today hosted Baidu Create, its annual flagship developer conference and the first metaverse conference in China, through its metaverse platform XiRang. Robin Li, the company's founder, chairman and CEO, revealed the plans at the event.
"Robot car is our judgment of the future of automotive development," Li said, adding, "I am confident in JiDU's future and very excited about JiDU's robot car."
In March 2021, Baidu established JiDU, an independent intelligent electric vehicle (EV) making company, which is building robot cars with three product concepts. According to Li, the three concepts are:
Robot car with L4 self-driving capability, so that it can "move freely".
Human-vehicle interaction and precise recognition of voice semantics, so that the car and people can "communicate naturally". This means that the car can interact with people face to face like friends. It understands your emotions, responds to your needs in real time, and is an attentive intelligent partner.
The robot car can self-learn and iterate, and can "self-grow". It will continue to learn the user's use and interaction habits, based on behavioral data, and constantly optimize the experience of self-driving and intelligent cockpit.
JiDU is brewing a long-term change in the way we travel by creating revolutionary robot cars with emotion and intelligence, Li said, adding that the company is reinventing the human-machine relationship with an immersive, reassuring and empathetic experience. 
On January 11, Baidu announced its entry into the car-making industry as an automaker by forming an EV company with Geely.
JiDU was officially launched on March 2 and will be based on Geely's Sustainable Experience Architecture (SEA) platform, supporting the car company with artificial intelligence, Apollo autonomous driving, Xiaodu voice assistant, and Baidu Maps.
At the end of April, JiDU CEO Xia Yiping said the company's products are planned in a "series", with a new car launched every 1-1.5 years. "Based on this speed and investment, the expected investment in the next five years is RMB 50 billion."
Design of the company's cars has been underway since February, and the first EV will be unveiled at next year's Beijing Auto Show, Xia said.
The model then will be a concept production car that is about 90 percent close in appearance to the production car. Optimistically, reservations could be made within the next year, he said.
At today's Baidu Create conference, in addition to announcing JiDU's product plans, Li also mentioned again his vision for the future of transportation.
Intelligent transportation will be a major change that will affect the next 10-40 years, which can make the first-tier cities in China no longer need to impose purchase and traffic restrictions on cars within 5 years, and basically solve the congestion problem within 10 years, he said.
Li believes that intelligent transportation can reduce road safety accidents by 90 percent and can systematically solve the congestion problem, and that autonomous driving and intelligent transportation can help reduce carbon emissions.
In the area of self-driving mobility services, Baidu Apollo Go provided 115,000 services in the past quarter, making it the world's largest self-driving mobility service provider, according to Li.
Apollo Go will expand its service coverage to 65 cities by 2025 and to 100 cities by 2030, Li said.

On Christmas Eve, the three major U.S. stock indexes collectively closed up. The $Nasdaq Composite Index (.IXIC.US)$ rose 0.85% to close at 15,653.37 points; the $Dow Jones Industrial Average (.DJI.US)$ rose 0.55% to close at 35,950.56 points; the $S&P 500 Index (.SPX.US)$ closed at a record high, up 0.62% to close at 4,725.78 points , The cumulative increase this week was 2.3%. Among the ingredients, $Tesla (TSLA.US)$ closed up nearly 5.8%, $Viacom-B (VIAB.US)$ rose 4.8%, $Micron Technology (MU.US)$ Technology rose 4.52%, and $Las Vegas Sands (LVS.US)$ Sands Group rose 4.21%.

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On Tuesday, the $Invesco QQQ Trust (QQQ.US)$ fell in early trading and then reversed. The $Nasdaq Composite Index (.IXIC.US)$ rose by more than 2% and led by small cap stocks by nearly 3%. U.S. stocks rose together, technology, chips and European stocks rose generally, and $Tuya Inc (TUYA.US)$, $XPeng (XPEV.US)$, $Bilibili (BILI.US)$ , $iQIYI (IQ.US)$ and $KE Holdings (BEKE.US)$  among the top gainers. Risk sentiment returned, international oil prices rose by more than 3%, US oil rose above US $71, and European natural gas soared by more than 20%. The prices of European and American Treasury bonds fell sharply, the yield of 10-year US bonds was forced to 1.50%, and British bonds rose by more than 10 basis points. The dollar fell, the Turkish Lira rose to a one month high, and bitcoin tested $49000 for the first time in five days. Gold fell below $1790, palladium rose more than 4%, London Metal Rose, and 'Dr. copper'Rose below $9500.
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