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asia autonomous vehicles

Baidu’s Joint Venture With Automaker Geely to Invest $7.7 Billion in Smart Cars

By
Shai Oster
· · Source: Reuters

Jidu Auto, the electric-vehicle joint venture between Chinese tech giant Baidu and carmaker Geely, will invest 50 billion yuan, about $7.7 billion, to develop a smart car, the company’s CEO told Reuters. The company aims to launch an electric vehicle within three years. Baidu has been developing autonomous and other car-related software under its Apollo program. Baidu joins tech companies such...

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