BEIJING, Jan. 10, 2021 /PRNewswire/ — Baidu, Inc. (NASDAQ: BIDU) (“Baidu” or the “Business”), a primary Online system and AI corporation, currently introduced its strategy to set up a business to make clever electric powered automobiles (EV), and that it has entered into a strategic partnership with multinational car company Zhejiang Geely Keeping Team (“Geely”). Baidu will present intelligent driving abilities to electric power the passenger motor vehicles for the new venture, and Geely, which retains the distinction of greatest-offering Chinese auto brand name in past decades beneath the Volvo and Geely brand names, will contribute its experience in automobile style and design and producing.
“At Baidu, we have long considered in the long run of intelligent driving and have over the past 10 years invested closely in AI to make a portfolio of world-class self-driving solutions. China has become the world’s premier marketplace for EVs, and we are looking at EV consumers demanding following technology motor vehicles to be much more clever.” explained Robin Li, Co-founder and CEO of Baidu. “As a leading Chinese automaker with world-wide achieve, Geely has the one of a kind knowledge and assets to design, make and marketplace energy-economical, dependable and risk-free automobiles in substantial scale. We feel that by combining Baidu’s expertise in good transportation, connected cars and autonomous driving with Geely’s skills as a top car and EV company, the new partnership will pave the way for future passenger autos.”
Baidu, Inc. is a primary search motor, information and information centered World wide web platform and AI business. The Company’s mission is to make the challenging entire world easier as a result of technological know-how. Baidu’s ADSs trade on the NASDAQ World wide Select Market underneath the symbol “BIDU”. Presently, ten ADSs signify one Class A everyday share.
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