Bloomberg’s The China Show | CiDi CEO Albert S. Hu Discusses Autonomous Mining Growth
CiDi CEO Dr. Albert Hu recently joined Bloomberg’s The China Show to discuss the company’s latest revenue performance, the role of autonomous driving in mining, and the outlook for China-U.S. technology cooperation.
Dr. Hu pointed to CiDi’s strong momentum in autonomous mining and heavy-duty embodied AI, noting that the company reported RMB 885 million in revenue last year and is entering a faster stage of commercial growth. He outlined CiDi’s medium-term goal of doubling revenue annually, driven by the rising adoption of autonomous driving in mining, where safety gains and economic returns are already clear. With autonomous driving penetration in mining still below 10%, Dr. Hu sees substantial room for growth and views the sector as one of the strongest markets for scaled deployment.
On China-U.S. relations and technology competition, Dr. Hu described the current moment as the rare opportunity for cooperation. He cited China's advances in EVs, green technologies, renewable energy, and AI models, robotics, and mechatronics, as evidence of a broader shift from technology follower to technology leader. That shift, he noted, creates a stronger foundation for global companies to collaborate on practical innovation.
Dr. Hu also underscored CiDi’s openness to working with companies worldwide, including partners in the United States. He emphasized the value of combining complementary strengths in technology, supply chains, and market channels to accelerate industrial deployment. CiDi has formed close partnerships with international enterprises including MMD Group in the UK and Schaeffler in Germany, building shared industrial networks to support deployment at scale.