Baidu will establish a company and partner with automaker Zhejiang Geely Holding Group (Geely) to produce intelligent electric vehicles (EV).
Baidu will provide intelligent driving capabilities to power the passenger vehicles for the new venture while Geely will contribute its expertise in automobile design and manufacturing.
“At Baidu, we have long believed in the future of intelligent driving and have over the past decade invested heavily in AI to build a portfolio of world-class self-driving services. 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.
“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,” he added.