Understanding the Market | Baidu Group-SW rose over 4% in early trading, with its subsidiary Luobo Kuaipao's weekly order volume exceeding 250,000 orders and a global operational network being established in multiple locations
Baidu Group-SW rose over 4% in early trading, and as of the time of writing, it is up 3.97%, priced at HKD 123.2, with a transaction volume of HKD 241 million
According to Zhitong Finance APP, Baidu Group-SW (09888) rose over 4% in early trading, and as of the time of writing, it is up 3.97%, priced at HKD 123.2, with a transaction volume of HKD 241 million.
On the news front, according to the latest operational data released by Baidu Group's platform, Luobo Kuaipao, the global business scale and safety performance of Luobo Kuaipao have attracted industry attention. As of October 31, the platform's weekly order volume exceeded 250,000 orders, all of which were completed by fully autonomous vehicles, marking a new stage in the commercialization process of autonomous driving. By the end of the statistical period, Luobo Kuaipao had accumulated over 17 million service orders, with the total mileage of autonomous vehicles surpassing 240 million kilometers. Among these, the mileage under fully autonomous driving mode accounted for 58%, with a total of 140 million kilometers of safe operations completed.
In terms of global layout, Luobo Kuaipao has entered 22 domestic and international cities, including first-tier cities in China such as Beijing, Shanghai, Wuhan, and Shenzhen, as well as international metropolises like Hong Kong, Dubai, and Abu Dhabi. Through large-scale deployment, the platform continuously optimizes technical adaptability, accumulating experience for autonomous driving operations in different urban environments. In response to the traffic rules, road signs, and driving habits of different regions, the platform has developed "one city, one policy" adaptation plans: for example, using right-hand drive vehicles in Hong Kong and optimizing narrow road passing algorithms, enhancing sensor protection in Dubai to cope with high-temperature and dusty environments, and focusing on improving decision-making capabilities in special scenarios such as cross-river bridges in Wuhan. This model, which combines standardized services with localized modifications, provides a replicable commercialization path for the industry
