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.”
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.
Get in touch with
Electronic mail: [email protected]
Safe Harbor Assertion
This announcement consists of ahead-seeking statements. These statements are produced beneath the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These ahead-on the lookout statements can be identified by terminology these kinds of as “will,” “expects,” “anticipates,” “long term,” “intends,” “options,” “believes,” “estimates,” “confident” and comparable statements. Between other factors, quotations from administration in this announcement, as very well as Baidu’s and other parties’ strategic and operational plans, contain forward-looking statements. Baidu could also make composed or oral forward-wanting statements in its periodic experiences to the U.S. Securities and Trade Commission, in its yearly report to shareholders, in push releases and other penned products and in oral statements produced by its officers, administrators or workforce to 3rd get-togethers. Statements that are not historical specifics, which include but not limited to statements about Baidu’s beliefs and anticipations, are forward-on the lookout statements. Ahead-searching statements entail inherent risks and uncertainties. A amount of elements could bring about genuine success to vary materially from individuals contained in any ahead-looking assertion, like but not confined to the following: Baidu’s advancement strategies its future business enterprise development, which include development of new merchandise and solutions its skill to attract and keep consumers and consumers competitors in the Chinese Online lookup and newsfeed market place level of competition for online internet marketing consumers modifications in the Company’s revenues and specified value or cost products as a share of its revenues the final result of ongoing, or any long run, litigation or arbitration, such as all those relating to intellectual home legal rights the predicted expansion of the Chinese-language Online lookup and newsfeed market and the range of World wide web and broadband users in China Chinese governmental policies relating to the Net and Web research vendors, and standard financial ailments in China and in other places. Additional information pertaining to these and other hazards is integrated in the Company’s once-a-year report on Kind 20-F and other paperwork submitted with the Securities and Exchange Commission. Baidu does not undertake any obligation to update any forward-searching statement, other than as demanded underneath relevant law. All information and facts presented in this press launch and in the attachments is as of the date of the press release, and Baidu undertakes no responsibility to update this sort of data, besides as demanded less than applicable legislation.
Resource Baidu, Inc.