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    1958   CNE100001TJ4

BAIC MOTOR CORPORATION LIMITED

(1958)
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BAIC Motor : Baidu's Apollo aims to offer robotaxi service to 3 million users in 2023

06/16/2021 | 11:53pm EDT
People talk in front of a Baidu's company logo at Baidu's headquarters in Beijing

BEIJING (Reuters) - Chinese tech giant Baidu said on Thursday its smart driving unit Apollo plans to cater to a total of 3 million users in China with a fleet of 3,000 robotaxis in 2023.

Baidu also announced that it is partnering with BAIC Group's electric vehicle (EV) brand ARCFOX to develop Apollo Moon, EV robotaxis that are set to be mass-produced at a cost of 480,000 yuan ($74,766.36) per unit.

The duo will produce 1,000 Apollo Moon EVs in the next three years, Baidu told a press conference in Beijing.

($1 = 6.4200 Chinese yuan renminbi)

(Reporting by Yingzhi Yang and Tony Munroe; Editing by Muralikumar Anantharaman)


ę Reuters 2021
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Financials
Sales 2021 192 B 29 659 M 29 659 M
Net income 2021 3 297 M 509 M 509 M
Net cash 2021 30 899 M 4 767 M 4 767 M
P/E ratio 2021 6,53x
Yield 2021 4,71%
Capitalization 22 122 M 2 844 M 3 413 M
EV / Sales 2021 -0,05x
EV / Sales 2022 -0,07x
Nbr of Employees 21 038
Free-Float 89,8%
Chart BAIC MOTOR CORPORATION LIMITED
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BAIC Motor Corporation Limited Technical Analysis Chart | 1958 | CNE100001TJ4 | MarketScreener
Technical analysis trends BAIC MOTOR CORPORATION LIMITED
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 21
Last Close Price 2,76 CNY
Average target price 2,51 CNY
Spread / Average Target -8,89%
EPS Revisions
Managers and Directors
Wen Bing Huang President, CEO & Executive Director
De Ren Li Vice President, Director-Finance & Economics
Cheng Jun Li Chairman-Supervisory Board
De Yi Jiang Chairman
Song Lin Ge Independent Non-Executive Director
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