Xi Just Take the Wheel
Actually, Chinese tech companies are driving the driverless transport push, not the government, but we need to have some pun with our titles.
Yes, autonomous driving deserves a follow up, since yesterday we focused on automakers, without mentioning serious contender Baidu. Stagnating ad revenues mean they have the proverbial eye of the tiger, not to mention a massive lead in mapping the Middle Kingdom.
They’ve already rolled out their open-source Apollo platform, so all-and-sundry can stand on their gigantic smart-data shoulders.
Or pray consider food delivery giant Meituan, who just launched driverless delivery vehicles, a death knell for fleets of daredevil delivery boys. Who’s going to grab the lion’s share of upside for investors to feast on, EV providers, software platform stalwarts, both?
“The potential for value creation is almost incalculable,” says Jimmie Jeremejev, “and by no means locked up by a handful of extant players. In fact, we’re in cooperation with a conglomerate seeking a SPAC that will revolutionize commercialized transport, in terms of both zero-emissions and automation. And their operating model is ‘Data as a Service.’ So there will be plenty of unicorns born out of this new and very exciting space."