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The Robotaxi Fleet Race Heats up With Tesla, Waymo, Zoox, Uber, Lyft, and BYD in the Mix
Hong Kong stocks can't stop falling.
Will it be a safe haven for global capital?
Board of directors meeting of c.banner (01028.HK) was held on August 29th to consider and approve mid-term performance.
c.banner (01028.HK) announced that the board of directors will hold a meeting on Thursday, August 29, 2024 to consider and approve the company and its subsidiaries' mid-term performance as of June 2024 and its release, including considering the distribution of mid-term dividends (if any).
Ningxia Building Materials Group (600449.SH): Baidu has reserved upgrade support for vehicle networking technology during the upgrade and compatibility reservation of the 'I'm looking for a car' platform.
Ningxia Building Materials Group (600449.SH) stated on the investor interaction platform on August 8 that the company has equipped and used remote management vehicle-mounted intelligent terminal devices for its self-operated vehicle fleet. The research on self-driving cars and intelligent storage yards is still in progress. Baidu has reserved support for upgrading vehicle networking technology for the upgrade of its “I’m looking for a car” platform.
Baidu Inc. (BIDU) Increases Yet Falls Behind Market: What Investors Need to Know
Brokerage Everbright Securities maintains a "buy" rating for Baidu Group (09888), expecting the positive effect of AI business on valuation to be reflected in the following quarters.
Everbright Securities issued a research report that Baidu Group's Apollo Go 24Q1 has operated in 10 cities and had a quarterly volume of 0.83 million. It has a good advantage of being the first mover. It is expected to achieve the UE balance target in Wuhan in 24Q2: 1) The fully-automated ratio is expected to approach 100%, significantly reducing labor costs; 2) It plans to deploy 1000 RT6 (costing 0.2046 million yuan) as soon as possible to effectively reduce operating costs. After achieving unit economic balance in Wuhan, increasing order volume and reducing vehicle operating costs are the core factors for successful replication in other areas. Baidu.
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