- General
- January 11, 2021
- 3 minutes read
Baidu Sets Up Electric Car Venture
The Chinese search engine giant has once again sought to diversify its business, this time with the formation of an…
The Chinese search engine giant has once again sought to diversify its business, this time with the formation of an electric car venture in partnership with the Chinese automaker Geely.
Baidu has announced that it’s entered into a strategic partnership with Geely that’ll see both companies establish a joint company to produce electric cars. As it seems, Geely is the part of the joint venture that’ll handle the production of the cars while Baidu will provide software expertise.
A joint press statement from Baidu and Geely says that they’ll work to produce “intelligent electric vehicles”, so we should be expecting smart features for the car to which Baidu will contribute its software expertise.
In Geely, Baidu found an established partner with deep experience in producing both electric and internal combustion engine (ICE) automobiles. Geely owns the popular eponymous Geely auto brand as well as Volvo and BYD Auto, which produces one of the best-selling electric cars in China.
“As a top Chinese automaker with global reach, Geely has the unique experience and resources to design, produce and market energy-efficient, reliable and safe automobiles in large scale,” Baidu CEO Robin Li said in a press statement.
“We believe that by combining Baidu’s expertise in smart transportation, connected vehicles and autonomous driving with Geely’s expertise as a leading automobile and EV manufacturer, the new partnership will pave the way for future passenger vehicles,” Li said.
