Exclusive: Baidu plans smart EV company, to make cars at Geely plant - sources

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China's Baidu Inc plans to form a company to make smart electric vehicles, two sources familiar with the matter said, with manufacturing to be carried out at plants owned by automaker Geely.

FILE PHOTO: A logo of Baidu is seen during the World Internet Conference in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS/Aly Song

Baidu, the leading search engine company in China, will take a majority stake and absolute voting power in the new company. The companies are in talks to use Geely’s EV-focused platform, Sustainable Experience Architecture , for future product development, one of the sources, who declined to be identified as the plan was private, said.

 

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Baidu says has decided on a CEO and brand for its EV company with GeelyBaidu has appointed a chief executive officer and decided on a brand for its electric vehicle (EV) venture with Zhejiang Geely Holding Group, the Chinese search engine giant said on Thursday.
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