Chinese search giant Baidu teams up with Geely to build electric cars

Chinese search giant Baidu is teaming up with carmaker Geely to build electric vehicles, the latest move by a tech company to shape the future of the autos industry.

Baidu is creating a company to manufacture intelligent electric cars, it said in a statement on Monday. Geely (GELYF), the largest privately-owned carmaker in China, will invest as a strategic partner, added Baidu.

The new company will use Baidu’s autonomous driving technology and Geely’s electric vehicle modular platform, Baidu (BIDU) said. Geely confirmed the news on Monday in a separate statement.

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