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Baidu Plans Smart EV Company, To Make Cars At Geely Plant

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.
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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 st ....

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China's search giant Baidu to set up an EV making venture

China Google equivalent search engine, Baidu which specializes in Internet-related services and artificial intelligence will set up a company to produce elect ....

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Baidu plans smart EV company, to make cars at Geely plant - sources

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. ....

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Baidu and Geely to Launch Standalone EV Company – Report

Chinese search giant, Baidu Inc., plans to form a standalone electric vehicle (EV) company with Chinese automaker, Geely, according to Reuters.Two sources familiar with the matter told Reuters that Baidu (BIDU) will be the majority stakeholder and focus on the software side, while Geely will take a minority stake in the company and will be responsible for manufacturing the vehicles.Both Baidu and Geely (GELYF) have declined to comment, according to Reuters.Baidu shares ended the day up 2% on Jan. 8, while shares of Geely climbed 8% in the US trading and almost 20% in Hong Kong following the Reuters report.Reuters already reported last month that Baidu was interested in developing its own EVs, following other technology firms including Amazon, Apple and Alphabet, who have all made in-roads into the EV market, either by investments or the development of auto-related technology. (See BIDU stock analysis on TipRanks)Loop Capital analyst Rob Sanderson reiterated his Hold rating on BIDU two ....

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China's Baidu plans to start smart EV 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. ....

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