Investing.com investing.com 07 Jan, 2021 16:15 am

Exclusive: Baidu plans smart EV company, to make cars at Geely plant

Exclusive: Baidu plans smart EV company, to make cars at Geely plant
Exclusive: Baidu plans smart EV company, to make cars at Geely plant - sources

Baidu's Nasdaq-listed shares jumped more than 4% after Reuters reported the plan.Reuters had already reported last month that Baidu was contemplating making its own EVs and had held talks with Geely, Guangzhou Automobile Group Co Ltd (GAC) and China FAW Group Corp Ltd's Hongqi on a possible venture.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website.

Baidu's rival Alibaba (NYSE: BABA ) 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 BYD.Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

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