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Tesla speeds ahead with China self-driving plans, reaches mapping deal with Baidu [Seeking Alpha]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Baidu ( NASDAQ: BIDU ) to access to the local search giant's mapping license for data collection on Chinese roads, Reuters reported. Baidu ( BIDU ) is expected to also provide its lane-level navigation system to Tesla ( TSLA ), according to people familiar with the deal. The agreement was a result of Tesla ( TSLA ) CEO Elon Musk's trip to China , where he met with Chinese Premier Li Qiang and other officials, just over a week after the billionaire cancelled his planned India trip citing "very heavy Tesla obligations." In China, Musk also reportedly sought approvals for the launch of Tesla ( TSLA ) driver assistance system - Full Self Driving - in China and permissions to transfer local data abroad. China requires that all driving assistance systems get a mapping service license before operating on public roads in the country. For this, foreign companies need to partner with any of the dozen local firms that are licensed, such as Baidu ( BIDU This license would legally allow
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