Baidu plans smart EV company, to make cars at Geely plant: Sources
Baidu, the leading search engine company in China, will take a majority stake and absolute voting power in the new company. Reuters
Answer: Baidu (Image: Reuters)
China s Baidu Inc plans to form a company to make smart electric vehicles (EV), two sources familiar with the matter said, with manufacturing to be carried out at plants owned by automaker Geely.
Baidu, the leading search engine company in China, will take a majority stake and absolute voting power in the new company.
The venture will revamp some of Geely s existing car manufacturing facilities to make the vehicles, with in-car software input from Baidu and engineering know-how from Geely, sources told Reuters.
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BEIJING, Jan 7 (Reuters) - China’s Baidu Inc plans to form a company to make smart electric vehicles (EV), two sources familiar with the matter said, with manufacturing to be carried out at plants owned by automaker Geely.
Baidu, the leading search engine company in China, will take a majority stake and absolute voting power in the new company.
The venture will revamp some of Geely’s existing car manufacturing facilities to make the vehicles, with in-car software input from Baidu and engineering know-how from Geely, sources told Reuters.
The companies are in talks to use Geely’s EV-focused platform, Sustainable Experience Architecture (SEA), for future product development, one of the sources, who declined to be identified as the plan was private, said.
China's Baidu Inc plans to form a company to make smart electric vehicles (EV), two sources familiar with the matter said, with manufacturing to be carried out at plants owned by automaker Geely.
Baidu plans to build EVs, have Geely assemble them
8 January 2021 6:35 pm / 2 comments
Chinese internet search engine provider Baidu is reportedly planning to form a company to build smart electric vehicles (EVs), and will be working together with Geely, which will assemble the vehicles at its plants.
Sources familiar with the matter told
Reuters that the venture will see Geely revamping some ot its existing car manufacturing facilities to make the vehicles, which will feature in-car software input from Baidu and engineering know-how from Geely.
Both parties are apparently in talks to use Geely’s Sustainable Experience Architecture (SEA) EV-focused platform architecture for the planned product development. The sources added that Baidu will have a majority stake and absolute voting power in the new company. Both companies declined to comment about the matter.