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Eight highlights of the ‘new economy’ in 2017

chinadaily.com.cn | Updated: 2018-01-10 07:03
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No 2 Autonomous driving faced a 40 trillion yuan ($6.16 trillion) market

Baidu’s autonomous driving open platform Apollo displays a dozen unmanned vehicles developed in collaboration with automakers such as Daimler AG and Chery Automobile Co Ltd, in Xiongan New Area, North China’s Hebei province, Dec 20,2017. [Photo/VCG]

The application of autonomous driving is projected to transform existing auto manufacturing, powering and designing. In September 2017, Baidu teamed up with Microsoft for the $1.5 billion "Apollo Fund" to invest in autonomous driving projects over the next three years.

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