Baidu vehicle-road collaboration orders

Baidu started to launch the vehicle-road collaboration project in 2018, and officially launched it in 2019 and 2020, signing smart connected projects in dozens of cities, with a total order value of tens of billions of yuan. As of the end of the second quarter of 2022, Baidu's ACE smart transportation solution has been adopted by 51 cities, with cumulative contract values ​​exceeding 10 million yuan. One kilometer of vehicle-road collaboration costs about 1 million yuan, and a traffic light intersection costs about 800,000 yuan for renovation.