The new EV company will count on Baidu s intelligent driving capabilities.
Beijing: China s search engine giant Baidu Inc said on Monday it will set up a company to partner with car maker Zhejiang Geely Holding Group to make smart electric vehicles (EV), the latest move by a tech company in the fast-evolving sector.
Baidu, which has been developing autonomous driving technology and Internet connectivity infrastructure, said the new EV company will count on Baidu s intelligent driving capabilities and Geely s car manufacturing expertise.
Geely will also be a strategic investor in the new company, which will be an independent subsidiary of Baidu, Baidu said in the statement.
Baidu Plans Smart EV Company, To Make Cars At Geely Plant
Baidu Plans Smart EV Company, To Make Cars At Geely Plant
The companies are in talks to use Geely s EV-focused platform, Sustainable Experience Architecture (SEA), for future product development, one of the sources, who declined to be identified as the plan was private. By Reuters | Published:
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The venture will revamp some of Geely s existing car manufacturing facilities to make the vehicles
China s Baidu Inc plans to form a company to make smart electric vehicles (EV), two sources familiar with the matter said, with manufacturing to be carried out at plants owned by automaker Geely. Baidu, the leading search engine company in China, will take a majority stake and absolute voting power
It’s official. Baidu, China’s largest Internet company, has officially announced plans to establish a company to produce “intelligent electric vehicles”. To do that, the “Google of China” is entering into a strategic partnership with Zhejiang […]
Baidu to produce intelligent cars in partnership with Geely
Xie Jun Published: Jan 11, 2021 06:53 PM
Baidu s autonomous driving solution on display at the World Internet Conference in Wuzhen on Tuesday Photo: Li Qiaoyi/GT
Domestic technology giant Baidu Inc announced on Monday that it will establish an intelligent car company in partnership with the automaker Geely, which sparked interest and skepticism among Chinese netizens and experts. Some questioned the companies plans after previous failures, while others said the new partnership is a good match.
According to a statement from Baidu, it will be in charge of design, research and development, production and sales. Baidu said that it will make use of its artificial intelligence and technology DNA , while banking on its Apollo autonomous driving systems.
Geely Holding and Baidu to create partnership focused on electric and intelligent vehicles. Partnership to utilize Geely Holding’s all-electric Sustainable Experience Architecture.