Baidu Confirms Joining China EV Fray In Partnership With Volvo-Parent Geely

published 11.01.2021 06:03

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“We believe that by combining Baidu's expertise in smart transportation, connected vehicles and autonomous driving with Geely's expertise as a leading automobile and EV manufacturer, the new partnership will pave the way for future passenger vehicles.”

“China has become the world's largest market for EVs, and we are seeing EV consumers demanding next generation vehicles to be more intelligent,” said Robin Li, co-founder and CEO of Baidu.

Baidu will provide the intelligent driving capabilities to power the EVs for the new venture and the Chinese automaker will pitch in with design and manufacturing expertise.

Baidu, Inc (NASDAQ: BIDU) said Sunday it will form an intelligent electric vehicle (EV) company and forge a strategic partnership with Volvo parent Geely Automobile Holdings Limited (OTC: GELYY).

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