BEIJING - China’s search engine giant Baidu Inc said on Monday it will set up a company to partner with car maker Zhejiang Geely Holding Group to make smart electric vehicles , the latest move by a tech company in the fast-evolving sector.
Geely will also be a strategic investor in the new company, which will be an independent subsidiary of Baidu, Baidu said in the statement. Baidu’s move comes as many tech companies around the world are racing to develop smart cars, after Tesla Inc’s success in commercialising EVs. Baidu established its autonomous driving unit Apollo in 2017. The unit mainly supplies technology powered by artificial intelligence and works with automakers such as Geely, Volkswagen AG, Toyota Motor Corp and Ford Motor Co.
In the Chinese pocket!!
It’s like a race to the moon, every car manufacturer is racing to get one out there!
Fuck china and their wuhan labarotory virus - dont want to buy any chines stuff if i can avoid it
I rather walk!