AsianFin--In addition to the "Baidu In-Car Maps" used for vehicle navigation services, Baidu Maps has recently obtained approval from the Ministry of Natural Resources for several "Advanced Driver Assistance Maps", according to the website of the Ministry of Natural Resources on Tuesday.
An insider revealed that among the approved maps, the GS (2023) 4634 Advanced Driver Assistance Map submitted by Baidu Intelligent Map Technology Co., Ltd. is the lane-level map completed through the cooperation of Tesla and Baidu Maps, this cooperation is "exclusive" and customized.
Tesla is poised to overcome a significant obstacle in China by collaborating with Baidu for enhanced mapping and navigation capabilities, according to reports on Monday. Baidu's stock price surged more than 6% in Hong Kong on Tuesday, and Tesla's stock price spiked more than 15% at closing of Monday session.