Baidu Q3 financial report: "A practitioner of a strong transportation nation" Apollo intelligent transportation business has been launched in many cities

On November 7, Beijing time (November 6, Eastern Time), Baidu (Nasdaq: BIDU) released its unaudited financial report for the third quarter of 2019. During the reporting period, Baidu achieved revenue of RMB 28.1 billion and net profit attributable to Baidu reached RMB 4.4 billion (non-GAAP). As a strategic focus of Baidu AI, Apollo's intelligent transportation business developed rapidly in the third quarter.

Robin Li, founder, chairman and CEO of Baidu, said: "The progress made by the Apollo ecosystem is also exciting. As of now, Baidu has a total of 150 autonomous driving road test licenses, accounting for more than half of all approved autonomous driving road test licenses in China. Our self-driving taxi fleet Robotaxi has run on the streets of Changsha and started trial operation, which not only reflects our system level and technical capabilities in the field of autonomous driving, but also marks that Baidu's vehicle-road collaborative solution has taken another important step in the commercialization of intelligent transportation."

(Baidu Robotaxi fleet starts trial operation in Changsha)

The Central Committee of the Communist Party of China and the State Council of China issued the Outline for Building a Strong Transportation Nation in September this year, which clearly proposed to vigorously develop intelligent transportation and promote the deep integration of new technologies such as big data, the Internet, artificial intelligence, blockchain, and supercomputing with the transportation industry. In order to implement the Outline, Apollo made breakthrough progress in the initial commercialization of intelligent transportation in the third quarter. In September, the first batch of 45 self-driving taxi fleets in the country started trial operation in Changsha. At the same time, Baidu's vehicle-road collaboration system landed in Changsha to help vehicles flexibly respond to traffic conditions, overcome traditional blind spots, and improve traffic efficiency and safety.

(Users can start the Robotaxi vehicle by clicking the screen button in front of the seat)

Not only that, Apollo is helping many cities across the country upgrade to intelligence. In Chongqing, Baidu Apollo joined hands with the People's Government of Yongchuan District, Chongqing, and Chongqing Metrology and Quality Inspection Institute in August to reach a cooperation on the "Western Autonomous Driving Open Test Base Project", helping Yongchuan become a "Western Model" for autonomous driving, and accelerating the technological iteration and industrial upgrading of Chongqing's automobile industry and urban traffic management. In Zhejiang, Baidu Apollo reached a cooperation with Shaoxing Urban Construction Investment Group Co., Ltd. to jointly build China's first autonomous driving expressway and help Shaoxing build a leading "autonomous driving vehicle-road collaborative innovation demonstration city" in China. In Hebei, the autonomous driving and vehicle-road collaboration project has settled in Cangzhou. With the joint efforts of the Cangzhou government and Baidu Apollo, China's first district-level full-domain autonomous driving manned test road network has just been officially opened. Baidu Apollo's autonomous driving fleet has started manned testing in Cangzhou, covering a road network area of ​​more than 100 kilometers.

(Baidu Apollo's autonomous driving fleet officially started testing in Cangzhou)

The rapid implementation of intelligent transportation services is inseparable from the policy support of local governments. Recently, the Wuhan Intelligent Connected Vehicle Test Demonstration Zone was officially unveiled, and Baidu once again took the lead and was awarded 15 licenses, becoming the first company in the world to obtain commercial licenses for autonomous driving. At the same time, Baidu Apollo also obtained the first batch of 30 autonomous driving manned test licenses in the Beijing-Tianjin-Hebei region issued by Cangzhou, Hebei. As of now, the total number of Baidu Apollo autonomous driving road test licenses has reached 150, accounting for more than half of all approved autonomous driving road test licenses in China, of which 80 licenses have been allowed for manned testing.

At present, Baidu Apollo has become the best choice for cities to carry out intelligent transportation construction and develop intelligent connected vehicles. As a leading technology innovation company, Baidu has also been fully recognized by local governments for Apollo's core technologies such as autonomous driving and vehicle-road collaboration, and intelligent connected vehicle operating systems. In the future, Baidu will be more focused and work with local governments to steadily implement the national strategy of building a strong transportation country, creating a better travel life for citizens.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.