Baidu, Inc. (NASDAQ:BIDU) ranks among the top NASDAQ stocks with low P/E ratios. On September 24, the Roads and Transport Authority (RTA) granted 50 test licenses and Dubai’s first autonomous driving testing permit to Baidu, Inc. (NASDAQ:BIDU).
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Since August, the permits, which were issued in July, have allowed Baidu’s Apollo Go fleet of fifty autonomous cars to test on public roads in specific locations throughout Dubai. Displaying its sixth-generation autonomous cars (RT6) at the 4th Dubai World Congress for Self-Driving Transport, Baidu, Inc. runs the only platform permitted to conduct self-driving experiments on Dubai’s public roads.
By 2028, the company aims to have more than 1,000 completely autonomous cars in its fleet, assisting Dubai’s efforts to promote autonomous mobility.
Baidu, Inc., a leading Chinese technology company, manages China’s largest internet search engine. The company has also expanded into AI-driven initiatives that include self-driving technology.
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This article is originally published at Insider Monkey.
