Autonomous Vehicle

Foxconn reported a 17% year-over-year profit surge in Q3, driven by strong AI server demand. The company beat net profit estimates (NT$57.67B vs. NT$50.41B expected) while meeting revenue expectations. Foxconn is diversifying into AI infrastructure, partnering with Nvidia to manufacture high-performance server racks. The company anticipates continued growth, fueled by AI server shipments and ICT product demand, while also expanding into autonomous vehicles and energy-efficient AI data centers.

Baidu’s Apollo Go robotaxi service is rapidly expanding, achieving over 250,000 weekly driverless rides as of October 31st, rivaling Google’s Waymo. Operating primarily in China, Apollo Go also plans international deployments. The company has fulfilled 17 million ride orders and driven 240 million kilometers, including 140 million driverless kilometers. Baidu emphasizes safety, reporting a low airbag deployment rate. Investors await Q3 earnings to assess Apollo Go’s financial impact and long-term strategy, amid intense competition in China’s autonomous driving sector.

Pony.ai has secured a permit for fully driverless commercial Robotaxi services in Shanghai’s Pudong New Area, making it the only company with such permits in Beijing, Shanghai, Guangzhou, and Shenzhen. The initial rollout will focus on the Jinqiao and Huamu business districts, located near Shanghai’s financial center. The operating zone in Pudong spans nearly 1,400 square kilometers with over 5 million residents. This demonstrates increasing regulatory trust and represents a major milestone for the company.