Baidu Plans to Establish Intelligent EV Company, Forms Strategic Partnership with Geely
January 11, 2021 | PRNewswireEstimated reading time: 1 minute
Baidu, Inc., a leading Internet platform and AI company, has announced its plan to establish a company to produce intelligent electric vehicles (EV), and that it has entered into a strategic partnership with multinational auto manufacturer Zhejiang Geely Holding Group. Baidu will provide intelligent driving capabilities to power the passenger vehicles for the new venture, and Geely, which holds the distinction of best-selling Chinese automobile brand in past years under the Volvo and Geely brands, 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. "As a top Chinese automaker with global reach, Geely has the unique experience and resources to design, produce and market energy-efficient, reliable and safe automobiles in large scale. 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."
Suggested Items
Data-driven Industrial Digital Solutions Drive Quality and Reduce Costs
09/24/2024 | Mikalai Kuchuk, MKS’ AtotechData-driven digital solutions for decision support, process optimization, and operational efficiency have emerged as essential elements for the PCB manufacturing industry, leveraging technologies such as IIoT (Industrial Internet of Things), machine learning (ML), and artificial intelligence (AI) to provide real-time insights into equipment health and performance in the first place. In the following article, we will explore the importance and impact of data-driven solutions on industrial operations.
Flex Releases its 2024 Sustainability Report
09/13/2024 | FlexFlex published its 2024 sustainability report, highlighting the company's global sustainability performance and progress from calendar year 2023.
MicroCare to Showcase Innovative Cleaning Solutions at SMTA Trade Shows
09/09/2024 | MicroCare, LLCMicroCare, LLC, a global leader in critical cleaning solutions, is proud to announce its participation in SMTA (Surface Mount Technology Association) trade shows across the globe for the rest of 2024. MicroCare will highlight its innovative cleaning fluids and tools designed to help electronics manufacturers achieve the lowest-cost-per-part-cleaned while ensuring superior performance and improved environmental sustainability.
Smart Eye Announces New Driver Monitoring System Design Win with Major Japanese Car Manufacturer
08/30/2024 | Smart EyeSmart Eye, the leading developer of DMS software for the automotive industry, will deliver its technology to a new car model by an existing customer.
CoWoS Drives Demand for Advanced Packaging Equipment; Sales Expected to Surpass 10% Growth in 2024
08/29/2024 | TrendForceTrendForce reveals that sales of advanced packaging equipment are expected to grow by more than 10% in 2024, with the potential to exceed 20% in 2025.