(Original title: Intense auto-pilot battle: Google and Apple announced the same day with the car rental company)
Apple is leasing a small group of cars from Hertz Global Holdings Inc. to test autopilot technology. Also today, Google auto-driving department Waymo and Avis signed a cooperation agreement, Avis will provide support and maintenance services for Google's self-driving cars. Hertz’s share price rose the most in recent two years, and Avis’s share price soared 14%.
According to a recently published document from the California Motor Vehicles Authority (DMV), Apple is currently hiring Lexus RX450h sports utility vehicles from Hertz.
A person familiar with the Apple project told the media that Apple had tested six vehicles on public roads in the San Francisco Bay Area with automatic driving technology. Testing has been ongoing for at least one year.
In the past 12 months, Hertz’s stock price has fallen by over 75% due to the drop in revenue and profits. Investors worry that the business of leasing company companies will be under pressure as autopilot technology and shared cars grow.
After the announcement of the agreement between Hertz and Apple, the stock price of the company rose sharply today, and the increase once rose to 18%, the largest increase since July 2015.
Apple's car project has experienced some problems in the past year. After a surge in costs and employee numbers, experienced executive Bob Mansfield was appointed as the head of the "Titan Project" team.
After he took office, he carried out layoffs and gave up the idea of ​​developing cars before, instead focusing on autopilot technology.
The cooperation between Google and Avis is bigger than Apple-Hertz.
Avis Budget Group has reached an agreement with Waymo to manage its growing fleet of self-driving minivans.燗vis will clean and provide Waymo self-propelled pickup trucks for customers, providing regular oil change services but will not repair any autopilot hardware.
Both parties will begin cooperation later this year to deploy autonomous trucks in Phoenix, Arizona.
Waymo CEO John Krafcik told the media that with the expansion of Waymo, the company is willing to cooperate with Avis to develop into other cities.
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