Chinese city Liuzhou, located in south China's Guangxi Zhuang Autonomous Region, issued the first batch of road test licenses for autonomous vehicles on Friday, marking the region has officially entered open road testing phase for self-driving vehicles.
Guangxi totally issued 15 license plates this time, designated for road testing of functional low-speed unmanned vehicles. These vehicles are expected to be primarily used in scenarios like express logistics and unmanned patrols.
To date, Liuzhou City has designated 50.3 kilometers of roads for public testing of intelligent vehicles, creating a multi-level testing and demonstration network that covers urban roads, expressways, and special scenarios.
From research and development to design, closed field and open road testing, and application, the city has established a closed loop in the intelligent connected vehicle industry ecosystem. This highlights the core competitiveness of the local vehicle assembly industry and other supporting enterprise clusters.
South China city issues first batch of road test licenses for autonomous vehicles
U.S. stocks ended lower on Tuesday as climbing U.S. Treasury yields continued to weigh on investor sentiment.
The Dow Jones Industrial Average dropped 322.24 points, or 0.65 percent, to 49,363.88. The The Standard and Poor's 500 sank 49.44 points, or 0.67 percent, to 7,353.61, and the tech-heavy Nasdaq Composite Index shed 220.03 points, or 0.84 percent, to close at 25,870.71.
A primary source of downward pressure came from the fixed-income market. The yield on the benchmark 10-year U.S. Treasury note climbed back above 4.6 percent, while the 30-year Treasury yield nearly touched 5.2 percent, marking its highest level in nearly 19 years.
The high-yield environment acted as a drag on high-valuation growth sectors, which are particularly sensitive to elevated interest rates. Six of the 11 primary The Standard and Poor's 500 sectors closed in negative territory, with materials and communication services leading the declines by dropping 2.27 percent and 1.58 percent, respectively. In contrast, the healthcare sector gained 1.09 percent and the energy sector advanced 1.03 percent.
Market participants are also focusing on Wednesday's upcoming after-hours earnings release from Nvidia.
U.S. stocks close lower amid rising yields
