Baidu's Robotaxi Business Could Stand Out From Competition, Jefferies Says -- Market Talk
Beiqi Foton Motor (600166.SH): mainly cooperates with Baidu in the field of intelligent driving to develop the first generation of Mini Bus.
Foton Motor (600166.SH) stated on the investor interactive platform on July 25th that the company mainly cooperates with Baidu to develop the Mini Bus generation in the field of intelligent driving. Based on this, the company has now developed the Mini Bus second generation. In addition, the company has developed L3 level and above intelligent driving sample vehicles on multiple platforms such as light trucks, VANs, coaches, and heavy trucks, and actively participated in various intelligent connected vehicle trials and demonstration activities to promote the landing of intelligent connected vehicle technology.
Guangzhou Tongda Auto Electric (603390.SH): No business cooperation with Baidu Luobo Kuaipao.
Guangzhou Tongda Auto Electric (603390.SH) stated on the interactive platform on July 25 that the company has no business cooperation with Baidu Luobo Kuaipao.
Baidu Likely to Report Soft Advertising Revenue in 2Q -- Market Talk
Baidu ADRs Target Price Cut to $132.50 From $143.80 by CCB International>BIDU
ZTE (000063.SZ): currently has no direct partnership with Baidu's Apollo autonomous driving system.
On July 23rd, Glonhui reported that an investor asked ZTE (000063.SZ) on the investor interaction platform, "Does your company have any cooperation with Baidu's Apollo autonomous driving?" The company responded that there is currently no direct cooperative relationship between the company and Baidu's Apollo autonomous driving.
Suzhou Cheersson Precision Metal Forming (002976.SZ): The company has not yet cooperated with baidu.
On July 23, Gelunhui reported that Suzhou Cheersson Precision Metal Forming (002976.SZ) stated on its investor interaction platform that the company has not yet cooperated with Baidu.
Soochow Securities maintains a "buy" rating on Baidu Group (09888), and expects the advertising business to continue to be under pressure, lowering its revenue and net income forecasts.
Jingu Caixun | Soochow Securities issued a research report stating that Baidu Group (09888) will release the sixth generation of self-driving cars, called the 'Carrot Run', in Apollo Day 2024, achieving 10 times the safety of human drivers and coverage of complex urban scenes.
China International Capital Corporation: The long-term development of the Robotaxi industry relies on the positive feedback loop formed by technology, commercialization, and policy.
Before a positive cycle is formed, Robotaxi companies may undertake a period of losses. China International Capital Corporation believes that financial strength, closed-loop data, integration of hardware and software, and technological innovation are key competitive factors for Robotaxi companies at present.
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Express News | Shares of US-listed Chinese Stocks Are Trading Higher After the People's Bank of China Announced a Cut in Benchmark Lending Rates
BYD Hires Ex-Baidu Exec to Speed up Driver Assistance Tech Development, Report Says
The central bank unexpectedly lowered the policy interest rate, stimulating the Hong Kong stock market to stop falling from its low point.
Last week, the Hang Seng Index fell a total of 875 points or 4.8%, reaching the lowest level in nearly three months since April 26; the Hang Seng Tech Index plummeted by 6.5%, dragging down the entire market. However, China's 1-year and 5-year LPRs were lowered by 10 basis points in July, driving a rebound in Hong Kong stocks today, climbing 181 points in the morning. The Hang Seng Index rose 142 points or 0.9% to 17,560 points in the half-day period; the National Index rose 61 points or 1% to 6,226 points; and the Hang Seng Tech Index rose 59 points or 1.7% to 3,596 points. The total turnover of the market in the half-day period was HKD 53.671 billion, and the net inflow of Shanghai and Shenzhen-Hong Kong stocks in the southbound trading was 2.
China International Capital Corporation: AI prosperity resonates at home and abroad, focusing on structural upgrading of traditional telecommunications business.
In the first half of 2024, AI computing power is still the core investment focus, with high prosperity in AI big model iteration and optimization and North American cloud vendors' AI investment, driving the performance and market performance of AI hardware core suppliers to resonate and drive the sector's market capitalization to rebound from the beginning of the year.
GTJA: Robotaxi accelerates fast, and Asia Vets driving intelligence continues to advance.
Recommended symbols for intelligent driving acceleration or cooperation, as well as components symbols with high configuration rates for advanced intelligent driving.
US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.
Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.
Baidu Inc. (BIDU) Stock Moves -0.58%: What You Should Know
Brokerage focuses on Baidu Group (09888) and gives it a first-time "recommendation" rating, stating that Wenxin Big Model and ZhiJia will create a new growth curve.
Jingu finance news | Fangzheng Securities' research point out that the recent volatility in Baidu Group's stock price due to short-term fluctuations brought by Robin Li's resignation. If Tesla releases its self-driving ride-hailing service, Robotaxi in October, and it drives the industry to accelerate industrialization, the value of Baidu's intelligent driving business may be re-evaluated. Currently, due to the high costs of hardware, software, and safety personnel, the operation cost of Robotaxi is higher than that of online car-hailing and taxi services. However, with optimized supply chain and economies of scale, according to Frost & Sullivan data, the operating cost of Robotaxi can be reduced to
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