Chinese search giant Baidu to make electric cars

Chinese search giant Baidu to make electric cars
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Chinese search giant Baidu to make electric cars

Chinese language search big Baidu to make electrical vehicles

Chinese language search big Baidu plans to make electrical automobiles with assist from Geely, the nation’s largest personal automaker, in response to a brand new report from Reuters. It’s the newest Chinese language conglomerate to enterprise into the flourishing electrical automobile market, following buying big Alibaba and ride-hailing behemoth Didi Chuxing.

Making electrical automobiles would additionally symbolize a broadening of Baidu’s ambition to department into transportation. Baidu has already spent years engaged on self-driving know-how and is the main Chinese language firm within the autonomous automobile house.

Baidu will seemingly kind a brand new three way partnership with Geely for the EV effort, Reuters studies, and can develop software program for the automobile whereas Geely focuses on the {hardware}. Particularly, Baidu and Geely are in talks to make use of the latter’s scalable electrical automobile platform that it introduced late final yr. However Baidu will personal a majority stake within the new firm and can due to this fact management its path.

The Chinese language authorities has spent years focusing its greatest firms on growing inexperienced know-how in an try and beat different world powers to the punch. Beijing has insinuated {that a} fuel automobile ban was on the horizon since 2017 (earlier than in the end placing a coverage in place late final yr) and introduced beneficiant subsidy coverage for clear automobiles, resulting in an unimaginable growth in electrical automobile startups.

The nation’s greatest tech firms have spent that point eyeing one of the best ways into the market. At first, they merely positioned bets. Alibaba funded XPeng, an electrical automobile startup that first made headlines by copying Tesla’s designs. Tencent backed Nio, one of many first (and now greatest) EV startups in China. However just lately they’ve made extra concrete strikes. Alibaba shaped an electrical automobile three way partnership with SAIC, which is China’s largest carmaker. Didi Chuxing is working with Chinese language automotive big BYD to make electrical ride-hailing automobiles. Baidu’s partnership with Geely is the newest instance of this concentrated effort.

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Geely has large ambitions itself. The corporate already owns Volvo and has a partnership with Mercedes-Benz mum or dad firm Daimler. But it surely additionally has its hand in every thing from passenger drones, to a high-speed rail, to a newly proposed satellite tv for pc community.

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