Geely will be responsible for the manufacturing of the vehicles, and Baidu will focus on the software and technology for the car.
Domestic electric automaker Nio, Li Auto and Xpeng Motors, all reported a surge in deliveries for December. Baidu is hoping to get in on some of the action.Wan Xiaojun | Visual China Group via Getty Imageshas formed a strategic partnership with automaker Geely to create a standalone electric vehicle unit, the companies confirmed on Monday., citing a person familiar with the matter.will take a minority stake, the person told CNBC.
Hong Kong-listed shares of Geely were up slightly by 0.45% on Monday, after soaring nearly 20% on Friday. Baidu's U.S.-listed shares were up over 15% at the close of trade on Friday.
It will fail like its past ventures.
And everyone of my friends have to remember that a more dangerous enemy is the one that cloaks himself as a friend. The Troy!
Smart cars 👇
Tesla been hacked lately?
Seems like everyone is making electric cars all of a sudden.
CCP’s propaganda again！ No free market No free competition
Is this bullish for $tsla
So everyone is just gunna build a EV now huh?
💯💯💯💯💯
ok lol
I'm about to make an electric vehicle company too.
I don't want one unless it's made by a 7 year old!
Chinese now see climate change as the biggest growth engine of century and west still stuck and think climate change is a problem.
Everybody wants to build a computer on wheels. Too easy now.
Fake Tesla! I demand to speak with Baidu's Manager!