Baidu Announces Approach to Build an Clever EV Corporation and Sorts Strategic Partnership with Geely

BEIJING, Jan. 10, 2021 /PRNewswire/ — Baidu, Inc. (NASDAQ: BIDU) (“Baidu” or the “Organization”), a main

BEIJING, Jan. 10, 2021 /PRNewswire/ — Baidu, Inc. (NASDAQ: BIDU) (“Baidu” or the “Organization”), a main Online system and AI business, nowadays announced its system to create a organization to produce smart electrical vehicles (EV), and that it has entered into a strategic partnership with multinational car producer Zhejiang Geely Holding Group (“Geely”). Baidu will present smart driving abilities to ability the passenger automobiles for the new undertaking, and Geely, which holds the difference of very best-selling Chinese car brand name in past yrs underneath the Volvo and Geely brands, will lead its know-how in auto design and style and manufacturing.

“At Baidu, we have extensive considered in the future of clever driving and have around the past decade invested greatly in AI to build a portfolio of entire world-course self-driving expert services. China has grow to be the world’s biggest marketplace for EVs, and we are observing EV people demanding subsequent generation cars to be more intelligent.” said Robin Li, Co-founder and CEO of Baidu. “As a major Chinese automaker with global attain, Geely has the exclusive encounter and sources to structure, generate and current market energy-efficient, trusted and harmless cars in significant scale. We believe that by combining Baidu’s know-how in smart transportation, connected motor vehicles and autonomous driving with Geely’s expertise as a top vehicle and EV manufacturer, the new partnership will pave the way for long term passenger autos.”

About Baidu

Baidu, Inc. is a major research motor, awareness and information and facts centered Internet system and AI business. The Company’s mission is to make the intricate world easier by know-how. Baidu’s ADSs trade on the NASDAQ World wide Pick Market underneath the image “BIDU”. Now, 10 ADSs signify a person Course A common share.

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