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Guangzhou Automobile Group (GAC) has committed to taking responsibility for the safety of its Level 4 autonomous vehicles, a significant move announced at the Shanghai Auto Show. This commitment comes amid China's regulatory evolution aimed at clarifying the capabilities of autonomous systems and ensuring consumer safety. GAC's partnership with Aion and Didi Global highlights a strategic collaboration model that combines manufacturing expertise with advanced technology, positioning China competitively in the global autonomous vehicle landscape.
Didi Global reported a 7.1% increase in Q4 revenue, reaching 52.9 billion yuan (US$7.3 billion), but faced a net loss of 1.3 billion yuan (US$179 million), contrasting with a profit of 45 million yuan (US$6.2 million) in the same quarter last year. The company completed 3.25 billion transactions in Q4, a 10.8% year-on-year rise, as travel demand in China rebounded, despite ongoing regulatory challenges stemming from its 2021 US IPO investigation.
Mexican lawmakers are set to discuss a proposal aimed at providing minimum wage and benefits to app-based workers, including drivers and couriers for companies like Uber and Didi. President Claudia Sheinbaum's bill mandates that these workers receive a salary aligned with the minimum wage and ensures companies register them for social security benefits, including health services and retirement savings. The reform is currently under review by the Lower House’s labor committee and will be debated in Congress soon.
Didi Global Inc. reported a net income of 929 million yuan ($128 million) for the September quarter, marking its second consecutive quarterly profit. Revenue increased by 5% to 53.9 billion yuan, driven by a 20% rise in gross transactions from its international operations in Brazil and Mexico, as the company prepares for a potential IPO in Hong Kong.
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GAC assumes safety responsibility for level 4 autonomous vehicles in China
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DiDi Global Inc.
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Guangzhou Automobile Group Co., Ltd.
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Yongqiang Huang
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