Uber and Lyft Partner With Baidu (BIDU) to Launch Driverless Taxi Trials in the UK

Group 1: Company Developments - Baidu, Inc. (NASDAQ:BIDU) is partnering with Uber and Lyft to launch driverless taxi trials in the UK in 2026, marking a significant step in the global race toward autonomous mobility [2] - Baidu's Apollo Go RT6 robotaxis will be integrated into London's ride-hailing networks, setting the stage for competition between U.S. and Chinese autonomous driving leaders [2] - The UK's Automated Vehicles Act 2024 has clarified liability for self-driving vehicles, enhancing the region's appeal as a testing ground for autonomous technology [3] Group 2: Investment Insights - Citi has placed Baidu on a 90-day positive catalyst watch, citing improved disclosure around AI-driven revenues and investments in the Ernie model as potential value unlocks, while reiterating a "Buy" rating with a price target of $181 [4] - On December 7, 2025, ARK Investment acquired 119,982 shares of Baidu, valued at $14.24 million, indicating renewed interest in the stock after a cautious stance on Chinese equities throughout 2025 [5] - Baidu is recognized for its internet search and online marketing solutions, including products like the Baidu App, Baidu Search, and Baidu Post Bar [5]