China's Geely, Baidu announce electric car ventures

China's Geely, Baidu announce electric car ventures

3 years ago
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https://apnews.com/ee7fac853a1f9d50e10a137a7e16323a

BEIJING (AP) — Chinese automaker Geely says it will form an electric car venture with tech giant Baidu, adding to a flurry of corporate tie-ups in the industry to share soaring technology development costs.

Geely Holding Group, which also has separate electric car brands, said Monday the venture with Baidu.com Inc. would focus on intelligent and connected vehicles. It gave no details of investment or when products might be released.