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Chinese companies eye autonomous car market

But both traditional carmakers and Internet companies face high financing costs, legislation that has yet to be defined and technical issues

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"Smart driving will create a big difference in the auto industry," said Wang Jing, head of autonomous driving at Baidu, during a recent company forum in Beijing.


MORE than 10 Chinese companies are hoping to launch autonomous cars within the next five years. But analysts say it could be easier said than done and that despite their ambitions, many won't make it to the finish line.

Both traditional carmakers and Internet companies face...

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