Benzinga | Sep 17, 2021 10:00AM EDT

Baidu-Backed DeepWay Showcases Heavy-Duty Truck To Automate Road Freight

* Baidu Inc (NASDAQ:BIDU) backed DeepWay introduced smart new energy heavy-duty truck Xingtu, touted as a "robot truck."

* The truck has a computing power of over 500 TOPS and ultra-long-distance sensing capabilities of over 1 kilometer.

* Xingtu is powered by Baidu's AI technology stack and the Baidu Apollo autonomous driving platform.

* The first generation of Xingtu will enable L3 self-driving on high-speed freight routes and achieve L4 capabilities on these same routes between 2024 and 2026.

* The truck marks Baidu's entry into the multi-trillion global freight market.

* DeepWay is a joint venture company created by Baidu and Lionbridge in 2020.

* Price Action: BIDU shares traded higher by 1.80% at $162.43 on the last check Friday.