Close Menu
Fin Street NewsFin Street News
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech

Subscribe to Updates

Get the latest finance and business news and updates directly to your inbox.

Trending
Wall Street Bonus Forecasts for Private Credit, Banking, and More

Wall Street Bonus Forecasts for Private Credit, Banking, and More

August 5, 2025
What Is A Mortgage Lien?

What Is A Mortgage Lien?

August 5, 2025
Autodesk CEO: AI Means These Skills Are More Important Than Coding

Autodesk CEO: AI Means These Skills Are More Important Than Coding

August 5, 2025
I Make up to ,000 a Month Selling Vibe-Coded Products on Etsy

I Make up to $20,000 a Month Selling Vibe-Coded Products on Etsy

August 5, 2025
The August tariff deadline is here. 3 Ways to prep your auto policy for higher prices

The August tariff deadline is here. 3 Ways to prep your auto policy for higher prices

August 5, 2025
Facebook X (Twitter) Instagram
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
August 5, 2025 6:11 am EDT
|
Facebook X (Twitter) Instagram
  Market Data
Fin Street NewsFin Street News
Newsletter Login
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
Fin Street NewsFin Street News
Home » Lyft Is Getting Into the Robotaxi Game With a Big Chinese Company
Lyft Is Getting Into the Robotaxi Game With a Big Chinese Company
Markets

Lyft Is Getting Into the Robotaxi Game With a Big Chinese Company

News RoomBy News RoomAugust 5, 20250 ViewsNo Comments

Lyft is teaming up with Chinese tech giant Baidu to bring its robotaxis to European streets.

The San Francisco-based ride-hailing company will deploy Baidu’s sixth-generation Apollo Go self-driving robotaxis in Europe starting next year, it said in a Monday press release.

According to the release, Lyft will bring thousands of vehicles from Baidu across Europe in the following years. It said it would start with the United Kingdom and Germany in 2026, following regulatory approvals.

“By integrating Baidu’s cutting-edge autonomous driving technology with Lyft’s platform reach and operational expertise, we’re excited to deliver safer, greener, and more efficient mobility solutions to more users,” Robin Li, Baidu’s CEO and cofounder, said in the release.

Lyft CEO David Risher added in the release that the partnership will bring the benefits of autonomous vehicles, such as safety, reliability, and privacy, to “millions of Europeans.”

Baidu, a Chinese internet search engine giant, launched its Apollo Go electric autonomous vehicles in 2020. According to its website, Apollo Go provides autonomous ride-hailing services in 11 Chinese cities. And earlier this year, Apollo Go announced it would expand its robotaxis to Dubai and Abu Dhabi in 2026.

According to a July 2024 report by the Chinese state-affiliated news outlet Global Times, a 10-kilometre Apollo Go ride in Wuhan city costs between 4 and 16 Chinese yuan, or $0.60 to $2.20.

Related stories

Business Insider tells the innovative stories you want to know

Business Insider tells the innovative stories you want to know

On July 31, Lyft announced its acquisition of Freenow, a ride-hailing service operating in nine European countries, in a move to expand into the European market.

News of the Baidu-Lyft partnership comes as robotaxi wars heat up stateside. Elon Musk’s Tesla and Alphabet’s Waymo are competing in the US for robotaxi dominance.

On July 31, Musk wrote on X that riders could hail a Tesla in the San Francisco Bay Area and Austin.

However, a July report from HSBC analysts found that it could take years for driverless taxis to become profitable, and the market was “widely overestimated.”

Representatives for Lyft and Baidu did not respond to requests for comment from Business Insider.



Read the full article here

Share. Facebook Twitter LinkedIn Telegram WhatsApp Email

Keep Reading

Wall Street Bonus Forecasts for Private Credit, Banking, and More

Wall Street Bonus Forecasts for Private Credit, Banking, and More

I Make up to ,000 a Month Selling Vibe-Coded Products on Etsy

I Make up to $20,000 a Month Selling Vibe-Coded Products on Etsy

Overemployed Gen Xer Hires Freelancers to Work 4 Jobs, Make 0K

Overemployed Gen Xer Hires Freelancers to Work 4 Jobs, Make $900K

AI Is Driving up Unemployment Among Young Tech Workers, Goldman Says

AI Is Driving up Unemployment Among Young Tech Workers, Goldman Says

Sharon Stone Says Michael Douglas Argument Almost Cost Her ‘Basic Instinct’ Role

Sharon Stone Says Michael Douglas Argument Almost Cost Her ‘Basic Instinct’ Role

Things You Should Never Do in Toronto, According to Canadian Local

Things You Should Never Do in Toronto, According to Canadian Local

Palantir Exec Calls LLMs a ‘Jagged Intelligence’ and Outlines AI Race Plan

Palantir Exec Calls LLMs a ‘Jagged Intelligence’ and Outlines AI Race Plan

Jobs Are Changing and Degrees Aren’t Enough, Says a LinkedIn Economist

Jobs Are Changing and Degrees Aren’t Enough, Says a LinkedIn Economist

Palantir CEO Alex Karp Criticizes Elite Colleges in Earnings Call

Palantir CEO Alex Karp Criticizes Elite Colleges in Earnings Call

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

What Is A Mortgage Lien?

What Is A Mortgage Lien?

August 5, 2025
Autodesk CEO: AI Means These Skills Are More Important Than Coding

Autodesk CEO: AI Means These Skills Are More Important Than Coding

August 5, 2025
I Make up to ,000 a Month Selling Vibe-Coded Products on Etsy

I Make up to $20,000 a Month Selling Vibe-Coded Products on Etsy

August 5, 2025
The August tariff deadline is here. 3 Ways to prep your auto policy for higher prices

The August tariff deadline is here. 3 Ways to prep your auto policy for higher prices

August 5, 2025
Margaret Qualley Has a 2-Phone Hack to Avoid Being Online All Day

Margaret Qualley Has a 2-Phone Hack to Avoid Being Online All Day

August 5, 2025

Latest News

Overemployed Gen Xer Hires Freelancers to Work 4 Jobs, Make 0K

Overemployed Gen Xer Hires Freelancers to Work 4 Jobs, Make $900K

August 5, 2025
4 Ways To Lower Your Student Loan Interest Rate

4 Ways To Lower Your Student Loan Interest Rate

August 5, 2025
AI Is Driving up Unemployment Among Young Tech Workers, Goldman Says

AI Is Driving up Unemployment Among Young Tech Workers, Goldman Says

August 5, 2025

Subscribe to News

Get the latest finance and business news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2025 © Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.