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China's Baidu unveils low-cost Apollo Moon robotaxi

Developed with BAIC, EV costs just a third of conventional models

It costs $75,000 to build an Apollo Moon, just a third of what is required to produce an average Level 4 autonomous vehicle.

BEIJING -- Baidu, the Chinese technology company best known for its search engine, on Thursday unveiled an autonomous electric vehicle developed with carmaker BAIC Group that it plans to deploy in a ride-hailing fleet of 1,000 self-driving cars in three years.

Dubbed Apollo Moon, the 5G-ready robotaxi is based on BAIC's luxury EV brand Arcfox and equipped with autonomous driving technology from Baidu's business unit Apollo.

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