Chinanews Client Beijing, November 17 (Reporter Wu Tao) On the 17th, Baidu's third-quarter 2021 financial report showed that Baidu's revenue in the third quarter was 31.9 billion yuan and net profit was 5.09 billion yuan.
The autonomous vehicle is driving normally.
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In a letter issued on the same day, Li Yanhong, Chairman and CEO of Baidu, said that Baidu has become the world's largest autonomous driving service provider by relying on long-term and firm maintenance of high-intensity R&D investment.
The financial report shows that in the third quarter of this year, Baidu's research and development expenses reached 6.2 billion yuan, a year-on-year increase of 35%.
The full letter also showed that in the third quarter of this year, Baidu Apollo's cumulative test mileage in the L4 level exceeded 16 million kilometers, an increase of 189% year-on-year, and it obtained 411 autonomous driving test licenses, an increase of 237 year-on-year.
According to reports, Baidu Apollo currently has more than 210 global ecological partners, 65,000 global developers, and 700,000 lines of open source code.
Li Yanhong said that thanks to Apollo's operational practice, Baidu's autonomous driving travel service platform "Carrot Run" is in normal commercial operation.
In the third quarter, "Carrot Run" provided 115,000 rides.
Baidu's future goal is to expand its business to 65 cities by 2025 and 100 cities by 2030.
In addition, Baidu has launched the first-generation electric truck with Deepway, a joint venture with China's trucking company Lion Bridge, to automate road freight; Jidu also plans to release its first concept car at the Beijing Auto Show next year, with the goal of mass production in 2023. .
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