I asked you to save a bankrupt factory and you became the richest man in the world.

Chapter 555: Chapter 415-416: Preliminary operational data of driverless taxis! (4000 words)
Regardless of whether Musk is angry or not, the most important challenge facing all driverless car manufacturers now is the map-free intelligent driving system used by Hillhouse driverless taxis!
This is a race track battle.

Hillhouse also initially used the UDI model.

Including Hillhouse’s current low-end series products, all use the cheaper map-based intelligent driving model.

The core purpose is to reduce costs.

Otherwise, according to the current product prices, if you want to sell a car for 20, then you are selling it to the devil.

However, Hillhouse is now able to use the map-free intelligent driving mode in Hillhouse Question World. The point at which "map-free NOA" really became popular was the introduction of the MapTR large model algorithm by Hillhouse's Artificial Intelligence BU.

It turns out that vector maps can be learned this way!
The previous segmented solutions began to withdraw from the autonomous driving stage, and Hillhouse began to truly invest in the production of map-free solutions.

The no-map solution does not mean completely abandoning high-precision maps. Downstream trajectory prediction and regulation and control still rely on the input of high-precision maps.

"No map" actually means no longer relying on the high-precision maps provided by manufacturers, but instead using "local online high-precision maps" that are perceived in real time by on-board algorithms.

Therefore, the core of the no-map solution lies in the accuracy of real-time online map construction. From a technical perspective, under normal circumstances, the upper limit of no-map is having a map.

However, in areas where traditional high-precision maps are not updated in a timely manner (such as construction sections, road reconstruction sections, etc.), especially in places like China where the environment is changing with each passing day and each year is different from the previous year, non-map solutions are more advantageous.

Hillhouse Online has been developing high-precision maps for more than a few years, and Wutu has been committed to moving from "usable" to "easy to use".

more importantly.

Before Hillhouse began its self-destruction in the West, it had already produced a large number of graphics chips, spent more than 2 billion yuan, and mobilized more than % of the country's total computing power for autonomous driving training, running day and night.

The actual computing power invested now has increased significantly compared to the 2.8E announced half a year ago.

Playing with high technology means burning money.

Without money, accumulated engineers, and national-level system support, Hillhouse Capital is simply unable to support the construction and maturity of the framework of mapless intelligent driving.

Now that it has come to this, how can you, Baidu, follow up?
Tesla, are you continuing to circle around in Youtu Intelligent Driving, blocking Hillhouse's entry and only wanting to have a monopoly in North America?

Hillhouse's map-free intelligent driving is almost updated every year, and there is also Hillhouse's driverless taxi, a monster with many bugs, to assist in the iteration. How do you need to play it?
Judging from the current situation, Hillhouse is in very good condition.

Therefore, relying on the popularity of Hillhouse's driverless taxis.

Hillhouse Technologies, whose stock price had almost recovered, received another strong boost.

After more than ten days of fermentation, the stock price has even reached a terrifying height of 287 yuan.

Compared with more than ten days ago, it is 32% higher!

A blue-chip giant company actually had such a high increase in share price. Even the most optimistic bankers would be surprised.

The core reason is simple: the financial circle believes that Hillhouse Technology is no longer just a company that sells mobile phones.

After being empowered by Hillhouse's artificial intelligence, the company can create better products.

Precisely because of this, the financial circle’s attitude towards Hillhouse Capital’s listing has changed from initial enthusiasm to indifference after the listing, and then to enthusiasm again.

Hillhouse Automotive has been talking about going public and had already reached the brokerage guidance period, but due to the self-commitment incident, it has been in a stagnant process.

The main fear is that the stock price will fall below the issue price after listing, which would be hilarious.

A giant like Hillhouse Capital will definitely be included in the category of large blue-chip stocks of the Shanghai Stock Exchange A50 as long as it remains stable for a period of time after its listing.

Therefore, whether it is Hillhouse or the Shanghai Stock Exchange, they actually have to take it slow and wait for the time to be ripe and the stock market situation to improve before listing Hillhouse vehicles.

Otherwise, if this giant fails to take the lead in creating a money-making effect, the consequences will be extremely dire.

"How is the operation of Hillhouse's driverless taxis going now?" Gao Huaijun asked at the monthly meeting.

Although this driverless taxi only has 1000 vehicles.

But whether in the outside world or in the industry, it has attracted a lot of attention.

Even some industry bigwigs and bosses have come to experience it in person, such as Yu Dazui of Zhongwei, Li Yanhong, the boss of Baidu, and so on.

Therefore, Gao Huaijun also personally intervened in and controlled this highly market-focused project.

"Now all 1000 Hillhouse driverless taxis have been put into use in Xicheng."

"By 2024, there will be 3.16 taxis in Xicheng and 2.95 online-hailing taxis, for a total of 6.11. So our 1000 vehicles will not have much impact in Xicheng."

"At present, the mood of taxi drivers is still relatively stable."

Wang Fengying made the following statement.

Gao Huaijun nodded after hearing this.

Social impact is also what the government departments have repeatedly emphasized to him.

This driverless taxi must only have a smooth transition and cannot have too much fluctuation.

There are only 1000 vehicles. We will gradually increase the number after they become stable and mature, and at the same time expand the operating area to achieve the goal of occupying the market.

It's difficult to go from zero to one, but it's much easier to go from one to one hundred.

"Our time charge for this car is 2 yuan for a minimum of 3 minutes. Now is the subsidy period, but the excess will also be charged proportionally."

"On regular days, when you call Hillhouse for a quick run, the starting fee, mileage fee, and duration fee are divided into four periods. Taking the mileage fee as an example, from 0 to 9 o'clock, it is 1.2 yuan/km; from 9 to 17 o'clock, it is 1 yuan/km; from 17 to 20 o'clock, it is 1.2 yuan/km; from 20 o'clock to 0 o'clock, it is 1 yuan/km."

"At present, the average unit price of customers is in the range of 3-6 yuan, so customers are quite satisfied with our products."

"Basically, in the past month, the number of passengers in the first half of the month is more than three times that in the second half of the month, showing an overall trend of increasing volume."

"At the beginning, customers still had a distrustful attitude towards our products, but with the spread of short video platforms, this distrust was quickly eliminated. Now customers have a relatively high degree of trust in our products."

"In one month, the average number of passengers per car reached 60 per day, and in the second half of the month the number was even higher, reaching an average of hundreds of people!"

When Wang Fengying said this, she couldn't help but smile.

There are 24 orders per car, which is not a lot for a car that can theoretically run for hours and change the battery in the middle.

On average, there are only 2.5 orders per hour.

But at the end of the day, the total revenue, calculated at a price of 4.5 yuan per order, can reach 270 yuan a day, and at the end of a month, it can reach 8000 yuan!

In other words, at the end of the year, one car can easily generate an operating income of 100,000 yuan.

More importantly, the volume has exploded in the second half of this month. In addition to some customers who came to try the Xiaoling APP, the larger customer base is actually those who have tasted the service and take it repeatedly.

In this way, customers can slowly settle down and stabilize in the future. With one car, a revenue of more than 100,000 yuan a year is absolutely simple.

This is still during the trial operation period!
The operating prices have been reduced to the point where they cannot be any lower.

If the price increases by 30% during the official operation period, the main unit price will be between 4 and 8 yuan, which will not be noticeable to customers.

After deducting various taxes and operating expenses, and then deducting the car's annual depreciation of about 20%, you can earn about 6 yuan this year.

So relaxing!

Not to mention, this car has actually formed a closed-loop ecosystem.

In the car body, product information can be implanted according to the new products launched by Hillhouse every quarter, or other regional product promotions can be carried out, such as real estate information, etc., which is also a way to increase revenue.

Even more as more cities are launched.

An APP similar to Didi Taxi, Hillhouse Taxi, can also be used to write articles.

Whether it is the financial business in the assembly line or advertising placement, there are profits to be tapped.

Since Didi Taxi only takes a commission, most of the taxi fares still go to the Didi driver, but the driverless taxi does not need to pay such a large sum of money.

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As long as a certain amount of coverage is available, this driverless taxi company can easily make money and profit.

This business can also be used to run more paths, realize the iteration and optimization of map-free driving, and it is also a very high-quality leasing capital flow shell.

It has the concepts, the technology, the funds, and the policies. It is much faster than Baidu and Tesla!
If Baidu and Tesla don’t invest huge amounts of money to catch up in the next three to five years, they will never be able to catch up!

Overt conspiracy, this is a huge overt conspiracy!
Gao Huaijun seemed to have realized something as well, and couldn't help but feel happy.

Now, although this small taxi company has huge expenses, it also has to build a taxi-hailing platform similar to Didi Express.

However, because Hillhouse is well-known in Xicheng, and the taxi fares are low during the trial operation, the taxi software basically does not require any promotion costs.

For a software, what is expensive is not the money spent on building the underlying architecture of the APP, but the information fee, which is the process of converting new customers into regular customers.

Hillhouse has been in Xicheng for so long that it only needs to send a text message to all its existing customers in Xicheng, and then send a 200-yuan taxi coupon to every customer who has downloaded the Hillhouse Taxi APP, and the promotion problem can be easily completed.

This can be considered as opening up the situation.

And it doesn't cost much.

Now with the support and cooperation of various media, he has nothing to worry about.

"One hundred orders a day may not seem bad, but after all, our cars are open for orders 24 hours a day. How to optimize customer orders and customer rides is a question you need to think about."

"Build an APP. You can discuss this with the people at Xiaoling APP."

"After all, you are mainly into cars, and there is still a big gap between you and people who are into software."

"Don't try to play with the old ideas."

"Boss Ning, please follow up on this matter."

Gao Huaijun couldn't help but remind him.

Ning Yuan nodded aside.

He has been a partner with Gao Huaijun for so many years, so he naturally knows what Gao Huaijun means.

Hillhouse Automotive is indeed a BG that originated from the automotive industry.

Many of the people in charge are from a mechanical background.

Nature lacks genes for software stuff.

So what Gao Huaijun said about letting the people from Xiaoling APP get involved is actually an attempt to take this business out and let the people from Xiaoling APP optimize the core algorithm.

The purpose of optimizing the core algorithm is to establish the entire business chain, especially the financial chain.

Although Hillhouse has been involved in financial business for a long time.

Now Xizhou Rural Commercial Bank is just a small one. The capacity of this small bank is certainly not worthy of Hillhouse Capital.

However, Hillhouse Capital now does not dare and does not want to deeply intervene in banking business like Sansang, the center of Smecta, so it will naturally play from another government-default perspective.

For Hillhouse, now that it has been forced to cut itself off, there are many places to spend money, and having a new business to support it is certainly not a bad thing.

Therefore, he felt that it was not reliable for Wang Fengying to handle this matter, so it would be more appropriate to hand it over to his old subordinate Ning Yuan.

Finance is so attractive!
In later generations, although Didi Express lost a lot of money, why didn't the Liu family give up?

Isn’t the core reason that this company has a strong cash flow generating capability?

They are indeed losing money in the taxi business sector, but they are making a lot of money in the financial services sector.

In this world, finance is the most profitable industry.

Including Didi, Jingdong, Ali, and Pinxixi, in fact, these companies with high turnover do not make money from their main business.

It all depends on finance!
Even this part of the business is not incorporated into the main business.

I don’t know which sector the extra money went away from.

In this sector, the Liu family is an old-fashioned family that specializes in Lianxiang.

"Everyone, although we have opened up the taxi business, there are still many areas that need testing and shortcomings."

"Especially for the driverless taxi operation sector, we built it almost from scratch, and many things have never been done by our predecessors."

"For example, how to achieve professionalism and standardization in the latest battery replacement? Mr. Wang, you need to achieve standardization and systematization. I went to see the battery replacement at the operation station a few days ago. They can do whatever they want, and the safety issues are too big!"

"It's still okay if there are only 1,000 cars now, but what if there are 10,000 or 100,000 cars?"

“You need to think seriously about these issues!”

"There is also the charging after the battery replacement, which is a considerable expense. How do we deal with it later?"

"This is what you need to think about. Is it feasible to cooperate with small hydropower stations? Have you thought about this?"

As Gao Huaijun spoke, Wang Fengying quickly nodded and agreed to carry out the plan.

(End of this chapter)