Big event: Baidu’s “Carrot Run” leads a new era of driverless driving!
[Preview of JPMorgan Chase: Carrot Run may usher in the dawn of single-city profitability in the second half of 2024, and Baidu’s Hong Kong stock boom may lead to a short-term correction]
Baidu's "Carrot Run" became the focus, and Hong Kong stocks climbed to the highest point in the month. However, experts from JPMorgan Chase caution that it will take time for autonomous driving to be fully profitable, and the current craze may have a short-term correction.
Analysis by JPMorgan Chase pointed out that if "Carrot Run" can accelerate the pace of profitability, it may be the first to achieve a new milestone of breaking even in a single city in the second half of 2024. However, Baidu's overall financial performance is not expected to show a more significant impact until the second half of 2025.
