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.
