On April 29th, Tesla's (TSLA.US) stock price in the U.S. market surged by 15.31%, marking the largest increase since 2021, with a market value increase of approximately $82.15 billion (equivalent to 594.4 billion yuan) overnight.

From the news perspective, Tesla's stock price skyrocketed, mainly driven by several positive news items in recent days.

On April 28th, Tesla's CEO Elon Musk visited China.

At that time, the market speculated that the focus of Musk's visit to China was to bring the long-awaited Full Self-Driving (FSD) software to the country.

On the same day, the China Association of Automobile Manufacturers and the National Computer Network Emergency Response Technical Handling Coordination Center of China disclosed the "Notice on the Inspection of 4 Safety Requirements for Automotive Data Processing," which showed that the vehicles of 6 companies, including Tesla, met the 4 compliance requirements for data security.

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After the news was announced, investors were delighted, stating that this would clear a major obstacle for the FSD system to enter the world's largest new energy vehicle market.

The next day (April 29th), it was reported that Tesla would deploy its FSD self-driving service in the Chinese market based on the lane-level navigation and maps provided by Baidu.

In response, the market generally believes that this cooperation between Tesla and Baidu is expected to achieve a win-win situation.

A research report from CICC pointed out that if FSD is promoted in China, the entire data loop needs to be within the country, and preparations need to be made in terms of data collection and model training, considering whether the BEV perception scheme can be well localized.

In China, FSD map surveying may require cooperation with Chinese manufacturers, and Tesla needs to build a local computing center and form a local algorithm adaptation team.

Baidu is one of the companies that have obtained surveying qualifications.

It is reported that Baidu has been deploying autonomous driving technology since 2013, and has been more than 10 years, and is one of the domestic suppliers with key modules of autonomous driving functions.

Baidu has also been deploying in the map field for 20 years, always believing that through the close integration of AI technology and vehicle engineering, cars can be smarter and travel can be simpler.

Boosted by this, on April 29th, Baidu's (BIDU.US) stock price in the U.S. market was pleasing, closing up 5.62% at $106.17, with a total market value of $37.229 billion.

Today (April 30th), Baidu Group-SW (09888.HK) in the Hong Kong stock market also surged, with a gain of 1.94% as of the time of writing, successfully recording 7 consecutive days of rising.