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Baidu, Geely plan $7.7 billion smart car push

Jidu
Xia Yiping, chief executive officer of Jidu Auto, an EV joint venture by Baidu and Geely, said the JV's first vehicle would look like a "robot" and would target young customers. (REUTERS\/Florence Lo)
B
By:
Bloomberg
April 23, 2021 12:59 PM

Jidu Auto, a joint venture between Chinese giants Baidu Inc. and Zhejiang Geely Holding Group, aims to spend 50 billion yuan ($7.7 billion) over the next five years on developing smart-car technology.

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