BIDU-SW (09888) shares surged close to 5% during Monday's trading session before paring gains. At press time, the stock maintained a 3.42% advance at HK$90.70, with trading volume reaching HK$365 million.
The momentum follows Apollo Go's landmark announcement on July 15 of a strategic partnership with Uber (UBER), the world's premier mobility platform. This collaboration will propel Baidu's autonomous ride-hailing service beyond its current US and mainland China operations into multiple global markets. Under the agreement, thousands of Apollo Go's self-driving vehicles will integrate with Uber's worldwide transportation network, delivering accessible and dependable autonomous mobility solutions to international users.
This expansion marks a significant leap in cross-border autonomous vehicle deployment, positioning Apollo Go at the forefront of next-generation transportation ecosystems. The integration promises to reshape urban mobility patterns while accelerating the commercialization of driverless technology across continents.