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