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Publishing date: Apr 23, 2021 • 5 hours ago • 2 minute read • Article content BEIJING Jidu Auto, the electric vehicle venture between China’s tech giant Baidu and Chinese automaker Geely, aims to pour 50 billion yuan ($7.70 billion) into making smart cars over the next five years, Jidu’s chief executive told Reuters on Friday. Xia Yiping said Jidu would aim to launch its first electric vehicle (EV) in three years, as is standard for the industry, but would make efforts to speed up that process. We apologize, but this video has failed to load. Try refreshing your browser, or Baidu s auto venture to invest $7.7 bln into smart cars over next five years-CEO Back to video ....
Baidu s Jidu Auto to invest $7.7 billion in robot smart cars SECTIONS Last Updated: Apr 23, 2021, 04:02 PM IST Share Synopsis Xia Yiping said on Friday that the funding would come from Baidu and other investors and Jidu would aim to launch its first electric vehicle in three years, as is standard for the industry, but would make efforts to speed this up. Reuters Jidu Auto CEO Xia Yiping Jidu Auto, an electric vehicle venture between China s tech giant Baidu and Chinese automaker Geely, aims to plough 50 billion yuan ($7.7 billion) into producing smart cars over the next five years, its chief executive told Reuters. ....