• About Us
  • Contact
  • Careers
  • Send Us a Tip
Menu
  • About Us
  • Contact
  • Careers
  • Send Us a Tip
CyberNews logo
Newsletter
  • Home
  • News
  • Editorial
  • Security
  • Privacy
  • Resources
Menu
  • Home
  • News
  • Editorial
  • Security
  • Privacy
  • Resources
CyberNews logo

Home » News » China’s Baidu to create an intelligent EV company with automaker Geely

China’s Baidu to create an intelligent EV company with automaker Geely

by Reuters
11 January 2021
in News
0
China’s Baidu to create an intelligent EV company with automaker Geely
11
SHARES

China’s search engine giant Baidu Inc said on Monday it will set up a company to partner with car maker Zhejiang Geely Holding Group to make smart electric vehicles (EV), the latest move by a tech company in the fast-evolving sector.

Baidu, which has been developing autonomous driving technology and internet connectivity infrastructure, said the new EV company will count on Baidu’s intelligent driving capabilities and Geely’s car manufacturing expertise.

Geely will also be a strategic investor in the new company, which will be an independent subsidiary of Baidu, Baidu said in the statement.

Reuters reported Baidu’s plan to form a smart EV company with the help of Geely last week. Sources told Reuters Baidu would hold a majority stake and absolute voting power in the new firm and that Geely would have a minority stake.

Geely said in a separate statement on Monday the collaboration will be based on Geely’s EV-focused platform, Sustainable Experience Architecture (SEA).

Baidu’s move comes as many tech companies around the world are racing to develop smart cars, after Tesla Inc’s success in commercialising EVs.

Apple is pushing to design an electric vehicle and batteries, aiming at a possible 2024 launch, sources told Reuters last month.

Chinese ecommerce giant Alibaba has formed an EV joint venture with China’s biggest automaker SAIC Motor Corp while China’s Didi Chuxing is making EVs designed for ride hailing services with automaker BYD.

Baidu established its autonomous driving unit Apollo in 2017. The unit mainly supplies technology powered by artificial intelligence and works with automakers such as Geely, Volkswagen AG, Toyota Motor Corp and Ford Motor Co.

Baidu operates autonomous taxi service Go Robotaxi with safety drivers on board in Beijing, Changsha and Cangzhou, and plans to expand to 30 cities in three years, which analysts say is a potential scenario for Baidu to eventually commercialize its automous driving technoglogies. It gained approval last week to test five cars in Beijing without safety drivers.

Baidu’s car-making plan is likely to strengthen the concept of “software-defined vehicles,“ said Jason Chen, transportation analyst at researcher Analysys.

“However, the success of Baidu’s car making will also depend on support from government policies, equipment cost reduction, and user demand.“

All automakers need to transform themselves into more tech-oriented companies as intelligent connectivity will play a much more important role, said Shi Ji, an analyst at Haitong International.

(Reporting by Yingzhi Yang and Yilei Sun in Beijing and Brenda Goh in Shanghai; Editing by Tom Hogue and Ana Nicolaci da Costa)

Share11TweetShareShare

Related Posts

Wall Street vs Main Street fight quashes hedge funds as GameStop keeps rallying

Wall Street vs Main Street fight quashes hedge funds as GameStop keeps rallying

27 January 2021
Google to stop using Apple tool to track iPhone users, avoiding new pop-up warning

Google to stop using Apple tool to track iPhone users, avoiding new pop-up warning

27 January 2021

‘World’s most dangerous malware’ Emotet disrupted

27 January 2021
GameStop extends Reddit driven hyper-rally after Musk tweet

GameStop extends Reddit driven hyper-rally after Musk tweet

27 January 2021
Next Post
70TB of Parler users’ messages, videos, and posts leaked by security researchers

70TB of Parler users’ messages, videos, and posts leaked by security researchers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Popular News

  • 70TB of Parler users’ messages, videos, and posts leaked by security researchers

    70TB of Parler users’ messages, videos, and posts leaked by security researchers

    83053 shares
    Share 83043 Tweet 0
  • The ultimate guide to safe and anonymous online payment methods in 2021

    13 shares
    Share 13 Tweet 0
  • 8 best cybersecurity podcasts for 2021

    56 shares
    Share 56 Tweet 0
  • Best alternatives to Gmail to protect your privacy

    481 shares
    Share 481 Tweet 0
  • Walmart-exclusive router and others sold on Amazon & eBay contain hidden backdoors to control devices

    13365 shares
    Share 13361 Tweet 0
Wall Street vs Main Street fight quashes hedge funds as GameStop keeps rallying

Wall Street vs Main Street fight quashes hedge funds as GameStop keeps rallying

27 January 2021
Google to stop using Apple tool to track iPhone users, avoiding new pop-up warning

Google to stop using Apple tool to track iPhone users, avoiding new pop-up warning

27 January 2021

‘World’s most dangerous malware’ Emotet disrupted

27 January 2021
The satellite-hacker’s guide to the space industry: don’t panic (yet)

The satellite-hacker’s guide to the space industry: don’t panic (yet)

27 January 2021
Man in front of multiple computers

North Korea has been targeting threat researchers

27 January 2021
GameStop extends Reddit driven hyper-rally after Musk tweet

GameStop extends Reddit driven hyper-rally after Musk tweet

27 January 2021
Newsletter

Subscribe for security tips and CyberNews updates.

Email address is required. Provided email address is not valid. You have been successfully subscribed to our newsletter!
Categories
  • News
  • Editorial
  • Security
  • Privacy
  • Resources
  • VPNs
  • Password Managers
  • Secure Email Providers
  • Antivirus Software Reviews
Tools
  • Personal data leak checker
  • Strong password generator
About Us

We aim to provide you with the latest tech news, product reviews, and analysis that should guide you through the ever-expanding land of technology.

Careers

We are hiring.

  • About Us
  • Contact
  • Send Us a Tip
  • Privacy Policy
  • Terms & Conditions
  • Vulnerability Disclosure

© 2021 CyberNews

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.

Home

News

Editorial

Security

Privacy

Resources

  • About Us
  • Contact
  • Careers
  • Send Us a Tip

© 2020 CyberNews – Latest tech news, product reviews, and analyses.

Subscribe for Security Tips and CyberNews Updates
Email address is required. Provided email address is not valid. You have been successfully subscribed to our newsletter!