Old and new companies jostle for smart EV market

Baidu

In January 2021, Chinese internet giant Baidu announced plans to establish an intelligent electric vehicle company and formed a strategic partnership with auto manufacturer Zhejiang Geely Holding Group.

In March, the new company Jidu Auto was launched with a registered capital of 2 billion yuan and 200 employees. In June, Jidu Auto decided the design of its first electric car and is expected to unveil it at the Beijing Auto Show this year.