Baidu to Produce Electric Vehicles in Collaboration with Geely
You have successfully joined our subscriber list. The partnership deal with Geely goes beyond the production of cars. In this new venture, Baidu will take full control or absolute power and the majority stake of the company. Baidu Inc (NASDAQ: BIDU), a Chinese Search heavyweight has announced to move from the production of mere software to the production of electric vehicles. This will be done by collaboration with Chinese Automaker, Geely Automobile Holdings Ltd (OTCMKTS: GELYF). According to the report, Geely will be in charge of the manufacturing and the designing of the car while Baidu ...
Source: coinspeaker.com