Baidu and Geely’s Jidu Auto to spend $7.7 billion in ‘robot’ smart cars

by SpeedLux
Jidu Auto

Jidu Auto, an electric vehicle venture between Baidu and Geely, aims to invest 50 billion yuan ($7.70 billion) into producing smart cars for the next five years, its CEO Xia Yiping said.

Xia Yiping said on Friday that the funding would come from Baidu and other investors and Jidu would aim to release its first electric vehicle (EV) in three years, as is standard for the automotive industry, but would make efforts to accelerate it.

Its first EV would look like a “robot” and would target young consumers, Xia said, adding that Jidu would review big market data before making decision on a final model.

“It will make you feel like it’s a robot that can communicate with you with emotions,” said Xia.

Jidu plans to release a new model every one or one-and-a-half years after its initial launch. The automaker plans to hire 2,500 to 3,000 people over two to three years, of which 400 to 500 will be software engineers.

Xia said Jidu, which will utilize Geely’s open-source electric vehicle platform, hopes to make cars in Hangzhou Bay in China’s eastern city of Ningbo, where Geely has got some plants.

It plans to sell its vehicles directly to consumers without using dealerships.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.


SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.


©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More