RPT-EXCLUSIVE-Baidu plans smart EV company, to make cars at Geely plant - sources
(Repeats with no changes to text) BEIJING, Jan 7 (Reuters) - 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 in the new company. The venture will revamp some of Geely’s existing car manufacturing facilities to make the vehicles, with in-car software input from Baidu and engineering know-how from Geely, sources told Reuters. The companies are...
Source: reuters.com