tl;dr
The race to create a robotaxi fleet intensified on Monday after a joint venture between Chinese ride-hailing app Didi Global (OTCPK:DIDIY) and Guangzhou Automobile Group's (OTCPK:GNZUF) electric vehicle unit set plans to mass produce robotaxis in 2025. The Andi Technology 50-50 joint venture between...
The race to create a robotaxi fleet intensified on Monday after a joint venture between Chinese ride-hailing app Didi Global (OTCPK:DIDIY) and Guangzhou Automobile Group's (OTCPK:GNZUF) electric vehicle unit set plans to mass produce robotaxis in 2025. The Andi Technology 50-50 joint venture between Didi Global (OTCPK:DIDIY) and GAC Aion New Energy Automobile was just established last year, and only recently landed its business license. The JV is the first in China between an L4 autonomous driving tech company and an automobile manufacturer that is aimed at the mass production of robotaxi vehicles. The robotaxis produced by the Andi Technology joint venture will be based on GAC's all-electric SUVs and will be equipped with autonomous driving technology developed by Didi. The goal is for the vehicles to be capable of Level 4 autonomy, which denotes full self-driving under certain conditions. Andi Technology expects to eventually supply about 10,000 vehicles for Didi's ride-hailing service after beginning production next year. DiDi Autonomous Driving Chief Operating Office Meng Xing said the establishment of the joint venture represents a significant step forward in the successful rollout of the first mass-produced vehicle, marking a new phase of productization in the autonomous driving industry. "DiDi is committed to closely collaborating with GAC Aion to accelerate the large-scale commercial deployment of autonomous driving," he noted. Tesla (TSLA) is holding an event on August 8 to unveil its robotaxi plans. The timing, scale, and technology behind Tesla's (TSLA) robotaxi initiative could impact other autonomous upstarts such as Google's (GOOG) Waymo and General Motors' (GM) Cruise.
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Tesla Inc Summary Tesla Inc
Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla's current products include electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, as well as other related products and services. In 2020, Tesla had the highest sales in the plug-in and battery electric passenger car segments, capturing 16% of the plug-in market (which includes plug-in hybrids) and 23% of the battery-electric (purely electric) market. Through its subsidiary Tesla Energy, the company develops and is a major installer of solar photovoltaic energy generation systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3 GWh of battery storage supplied in 2020.
Manufacturing Information
Industry: Motor Vehicles & Passenger Car Bodies
Employees: 525,171
Market Cap: $851 billion
PE Ratio: 38.35
Dividend Yield: None
EPS: 4.3
52-Week High: $30.49
52-Week Low: $0.155
Revenue: $96.77 billion
Net Income: $190.34
Debt to Equity: 1.115
Current Ratio: 0.035
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Alphabet Inc. Stock Analysis Summary Alphabet Inc. Stock Analysis Summary
Alphabet Inc. (GOOG) is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Stock Information
Sector: Technology
Services: Computer Programming, Data Processing, etc.
Market Cap: $1.906808717 trillion
Price/Earnings Ratio: 26.54
Dividend Yield: None
Beta: 0.24
Shares Outstanding: 3,073,939,870
50-Day Moving Average: $1,622.20
200-Day Moving Average: $1,602.56
Price/Book Ratio: 0.56
Earnings Per Share: $0.135
More about General Motors Company
General Motors Company (GM) is an American multinational corporation headquartered in Detroit, Michigan that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services, with global headquarters in Detroit's Renaissance Center.
Industry: Manufacturing, Motor Vehicles & Passenger Car Bodies
Market Cap: $51.06 billion
P/E Ratio: 6.04
EPS: $0.36
Dividend Yield: 7.32%
Stock Price: $125.98
ROE: 5.89%
Revenue: $171.84 billion
Debt to Equity: 50.2
Current Ratio: 0.135
Quick Ratio: -0.003
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