Daimler shares are trading lower Monday, despite announcing Friday that it is the first international car maker to gain a license from Beijing to begin road-testing its self-driving vehicles in the Chinese capital.
That means specific Daimler-owned Mercedes Benz models will be able to test their autonomous capabilities on real roads in Beijing.
By 1240 BST, Daimler shares were 0.52% lower at €57.74. The stock has shown signs of a recovery in recent days after falling for much of the past four weeks.
Daimler’s autonomous vehicles
This is the third autonomous driving test license Daimler has received. It was already permitted to test its self-driving tech in Germany the US. However, the license to test its autonomous vehicles in Beijing is the first one granted to an international car maker, by the Chinese city.
“Backed by strong local partners, our R&D in China results in concrete innovations that allow us to achieve sustainable development today and into the future,” said Head of Mercedes-Benz R&D in China, Prof. Dr. Hans Georg Engel.
“This expanded research into automated driving will provide a strong base for developing further automated driving technology that addresses the challenges posed by China’s unique traffic environment, in order to further ensure that our technology and products offer the safety and convenience our customers expect,” Dr. Engel added.
Mercedes vehicles fitted with Baidu tech
The Daimler self-drive testing license is among a number to be granted in China, this year so far. Other companies who have received one include:
- Shanghai-based SAIC Motor Corp.
- Baidu Inc.
- Start-up NIO.
Daimler said that in order to gain the Beijing autonomous vehicle testing license, to qualify for the license, its relevant Mercedes-Benz vehicles must be fitted with additional self-driving tech equipment made by Baidu Apollo.
The vehicles also had to undergo thorough testing in Beijing and Hebei for its intelligent mobility abilities.