Baidu Shares Rise 2.68% on Dubai's 2030 AV Ambitions Trading Volume Ranks 215th at $520 Million

Baidu (BIDU) closed 2.68% higher on Sept. 29, with a trading volume of $520 million, ranking 215th in market activity. The stock’s performance coincided with expanding opportunities in Dubai’s autonomous vehicle sector, where the company is among key U.S. partners advancing the emirate’s 2030 mobility vision.

Dubai aims to achieve 25% autonomous mobility by 2030 through $2.8 billion in smart infrastructure investments, positioning Baidu’s Apollo Go as a strategic player. The firm has completed 1.4 million rides in the UAE since early 2025, reflecting a 75% annual growth rate. Its RT6 robotaxi model, priced below $30,000, offers a competitive edge in cost-sensitive markets, supporting scalability in Dubai’s expanding fleet of 4,000 autonomous taxis.

While U.S. autonomous tech firms face high R&D costs and short-term deficits, Dubai’s regulatory framework—featuring a 15-square-kilometer AV testing zone and national-level licensing—reduces operational barriers. Baidu’s alignment with Dubai’s logistics strategy, including freight automation trials, positions it to benefit from a projected $2.73 billion AV market in the UAE by 2030, growing at a 19.2% compound annual rate.

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