Elon Musk’s Tesla teams up with China’s Baidu for driver assistance

Financial Times04-29

Tesla is partnering with Chinese search giant Baidu to deploy mapping and navigation technology in China, as Elon Musk moves closer to rolling out more advanced driver assistance features in the world...

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Musk met China’s number two leader, Premier Li Qiang, as Tesla contends with declining sales and data security concerns.Musk’s ambitions to roll out more advanced self-driving technology in China have also been complicated by requirements to store locally the user data needed to improve its systems, which are largely developed in the US.On Sunday, Tesla’s electric vehicles were also included on a list of more than 70 car models tested for data security compliance by a Chinese industry group, signalling more official support for the industry.Tom Nunlist, an expert in Chinese technology regulation with Beijing-based consultancy Trivium, said that the industry group’s compliance testing d","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4077":"互动媒体与服务","LU0287142896.SGD":"Fidelity China Focus A-SGD","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","BK4550":"红杉资本持仓","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4552":"Archegos爆仓风波概念","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","BK4551":"寇图资本持仓","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU0173614495.USD":"富达中国焦点A","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","BK4511":"特斯拉概念","BK4099":"汽车制造商","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BIDU":"百度","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4548":"巴美列捷福持仓","BK4514":"搜索引擎","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","TSLA":"特斯拉","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0056508442.USD":"贝莱德世界科技基金A2","BK4531":"中概回港概念","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2063271972.USD":"富兰克林创新领域基金","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4535":"淡马锡持仓"},"translate_title":"Elon Musk的特斯拉与百度合作驾驶辅助","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLL":1,"BIDU":1,"TSLA":1},"content_text":"Tesla is partnering with Chinese search giant Baidu to deploy mapping and navigation technology in China, as Elon Musk moves closer to rolling out more advanced driver assistance features in the world’s biggest auto market.\nTesla’s tie-up with Baidu came as Musk made a surprise visit to Beijing on Sunday. Musk met China’s number two leader, Premier Li Qiang, as Tesla contends with declining sales and data security concerns.\nWith the deal with Baidu, the US electric vehicle maker has cleared an important regulatory hurdle. To operate smart vehicles in China, foreign companies are required to use one of about 20 approved Chinese suppliers of mapping and navigation systems, according to a person familiar with the matter.\nMusk’s ambitions to roll out more advanced self-driving technology in China have also been complicated by requirements to store locally the user data needed to improve its systems, which are largely developed in the US.\nOn Sunday, Tesla’s electric vehicles were also included on a list of more than 70 car models tested for data security compliance by a Chinese industry group, signalling more official support for the industry. \nTesla had about 7.5 per cent of the EV market in China in the first quarter, and the country is already Tesla’s second-biggest market. But Musk has placed greater significance on rolling out and monetising Tesla’s autonomous driving technology as the company has wrestled with falling sales amid rising competition.\nTesla’s share price has fallen around 30 per cent in 2024, as it has lost ground to local rivals in China. The company has also been hit by a global slowdown in EV sales growth that has forced it to cut thousands of jobs. Tesla did not respond to a request for comment. \nEarlier this year, Tesla cut the monthly subscription price for its “full self driving” system, which can accelerate, steer and brake but is not strictly a fully autonomous technology, in the US. Musk has also talked about licensing its systems to other carmakers. \n“Going balls to the wall on autonomy is a blindingly obvious move,” Musk wrote on X, his social media platform, earlier this month.Rolling out the technology in China, the company’s second-largest market, would dramatically increase its subscription revenues, as well as helping it differentiate its ageing cars against an increasing number of competitive electric vehicles from local manufacturers.\nAccess to high definition mapping is crucial for even a partially self-driving technology system to work. Autonomous systems rely on a combination of sensors, such as cameras or radar, that can see obstacles, as well as maps of the existing road network, to navigate. \nTo steer safely, vehicles need to know exactly where they are, often within millimetres, as well as the contours of the terrain around them. \nTom Nunlist, an expert in Chinese technology regulation with Beijing-based consultancy Trivium, said that the industry group’s compliance testing did not amount to approval for Tesla. \n“It’s not a certification. It’s not an approval. It’s just an assessment. This industry body is examining adherence by these companies to an emerging set of requirements on a voluntary basis,” he said. \nTesla did not respond to a request for comment. \nCopyright The Financial Times Limited 2023\n© 2023 The Financial Times Ltd. All rights reserved. Please do not copy and paste FT articles and redistribute by email or post to the web.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2431885875"}