Old and new companies jostle for smart EV market
chinadaily.com.cn |
Updated: 2022-01-07 06:40
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Baidu
In January 2021, Chinese internet giant Baidu announced plans to establish an intelligent electric vehicle company and formed a strategic partnership with auto manufacturer Zhejiang Geely Holding Group.
In March, the new company Jidu Auto was launched with a registered capital of 2 billion yuan and 200 employees. In June, Jidu Auto decided the design of its first electric car and is expected to unveil it at the Beijing Auto Show this year.
