Baidu to establish intelligent EV company

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Baidu has announced its plan to establish a company to produce intelligent electric vehicles (EV).

The leading Internet platform and AI company also said that it has entered into a strategic partnership with Zhejiang Geely Holding Group.

Popularly known as Geely, Zhejiang Geely Holding Group is a multinational auto manufacturer. Baidu will provide intelligent driving capabilities to power the passenger vehicles for the new venture.

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.

Robin Li, co-founder and CEO of Baidu, said, “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.”

He added that 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.

Expertise in transportation

Li further said they 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.

A leading search engine, knowledge and information centered Internet platform and AI company, Baidu’s mission is to make the complicated world simpler through technology.

(With inputs from Automotive Lead Research Team)

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Also read: Global self-driving car market expected to reach $441.02 billion by 2027