On August 9, Chinese automaker Geely and tech giant Baidu collectively established an automotive expertise firm with a registered capital of RMB 10 million ($1.38 million). Geely and Baidu’s wholly-owned subsidiaries maintain 65% and 35% stakes within the new firm, respectively. Currently, neither Geely nor Baidu has disclosed the event course of their new three way partnership, however the newly established firm’s enterprise scope includes gross sales of new power autos, operations of EV charging infrastructure, and gross sales of batteries and digital expertise companies based on the publicly accessible info on company knowledge web site Tianyancha. Geely and Baidu beforehand established the robocar model JIDU collectively in March 2021. In October 2022, JIDU’s first mannequin, the restricted ROBO-01 Lunar Edition, was formally unveiled at a value of RMB 399,800 ($55,292). The automobile was developed based mostly on Baidu’s Apollo autonomous driving expertise and was manufactured by Geely. [IT Home, in Chinese]
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