Tesla CEO Elon Musk has just concluded his trip to China. On April 30th, he stated on social media that one of the reasons he chose to release Tesla's autonomous taxi Robotaxi on August 8th was because that date is considered an auspicious number in China.
On April 6th, Musk posted on X announcing that "Tesla will release its Robotaxi product on August 8th." It is understood that the product aims to use autonomous driving technology to enable Tesla vehicles to independently pick up and drop off passengers and collect fares. Musk had previously predicted that in the future, autonomous taxis would be more common than cars driven by humans.
Currently, Tesla is facing a growth dilemma. Now Tesla hopes to get rid of the low ebb with more affordable models, full auto drive system (hereinafter referred to as FSD) and driverless taxi Robotaxi.
However, Fiorani, Vice President of Global Automotive Industry Forecasting at AutoForecast Solutions, told Economic Daily on April 24th that Robotaxi is expected to be difficult to launch for a while.
"Tesla always announces new products first, and then it takes several years to bring them to the market. It takes time to improve the battery or FSD software. If the Robotaxi is a completely autonomous vehicle, as Musk said, I think it will not be realized at least next year. However, the commitment to have the technology necessary for the production of autonomous vehicle may still excite investors for a few more years." He explained.
Musk's visit to China is over! Tesla's overnight surge in BYD
CCTV News: At the invitation of the China Council for the Promotion of International Trade, Elon Musk, CEO of Tesla, arrived in Beijing on the afternoon of April 28th. Ren Hongbin, President of the China Council for the Promotion of International Trade, met with Musk to discuss topics such as future cooperation.
On the evening of April 28th, Tesla passed the Chinese automotive data security compliance requirements.
From a specific vehicle model perspective, Tesla's domestically produced Model 3 and Model Y both meet automotive data security compliance requirements, making it the only foreign-funded enterprise among them to meet compliance requirements.
Wang Guoye, a professor at China Agricultural University and director of the Vehicle Engineering Research Institute at China Agricultural University, told the Daily Economic News that after Tesla passes the national standards and requirements for vehicle data security, it means that most areas (such as government agencies, airports, highways, etc.) will lift restrictions on Tesla vehicles.
Tesla China has also stated that various regions have gradually lifted restrictions on driving, parking, and other intelligent connected vehicles such as Tesla. "We believe that authoritative institutions, in accordance with certain regulations on automotive data and other laws and regulations, will conduct inspections and tests on the protection of data and personal information of vehicles sold in the market. This will help enhance public trust in data applications, promote the improvement of data security levels for automotive companies and the entire industry, increase the attention of automotive companies to product data processing compliance, better utilize data resources, and promote industrial development." Tesla stated.
On April 29th at 13:17, Musk's plane took off from Beijing Capital Airport and left China. According to statistics, Musk's trip to China lasted less than 24 hours.
On April 30th, Tesla's market value rose nearly 600 billion overnight and topped the hot search list. Yesterday, the US stock market Tesla rose 15.39%, marking its largest daily increase since March 2020, with a market value increase of $82.6 billion (approximately 597.4 billion yuan). At present, the market value of BYD (002594. SZ) is about 636.085 billion yuan, and Tesla's overnight surge in BYD has sparked heated discussions among netizens
Insiders: Tesla and Baidu Maps Exclusive Deep Customized Lane Level High Auxiliary Maps
According to First Financial, on April 30th, it was discovered on the website of the Ministry of Natural Resources that in addition to the "Baidu Car Navigation Map" (T version) used for car navigation services, Baidu Maps has also recently obtained approval for multiple "Advanced Assisted Driving Maps" from the Ministry of Natural Resources.
A person familiar with the matter revealed that among the approved maps mentioned above, the GS (2023) 4634 advanced assisted driving map submitted by Baidu Zhitu Technology Co., Ltd. for navigation is the lane level map jointly completed by both parties. Tesla and Baidu Map's cooperation this time is; Quota; Exclusive; Quota Deep customization.
On April 29th, Shell Finance reported that in response to recent market concerns about Tesla's entry into China for Full Self Driving (FSD), Tesla has responded that there is currently no timetable for FSD's entry into China. On April 28th, Tesla CEO Elon Musk arrived in China and Tesla's official Weibo account made two statements, mentioning the implementation of accelerated autonomous driving technology.
In addition, sources have reported that Tesla will deploy its Full Self Driving (FSD) autonomous driving service for the Chinese market on top of the lane level navigation and maps provided by Baidu.
Wang Guoye, a professor at China Agricultural University and director of the Vehicle Engineering Research Institute at China Agricultural University, believes that even if Tesla FSD is implemented in China, it will not have a disruptive impact. "Because before the relevant domestic policies and regulations were relaxed, Tesla FSD could not be fully used even if it was implemented," explained Kingdom Industry.
In addition, Kingdom Industry has pointed out that due to Tesla's adoption of end-to-end neural network technology, which relies entirely on deep learning of neural networks, this technology solution has certain application drawbacks. In the future, Tesla's autonomous driving technology solutions are likely to integrate with Huawei's autonomous driving technology solutions.