Baidu to seek to open space as an electric vehicle manufacturer

The . agency announced that the Chinese company Baidu has a long-term goal of manufacturing electric cars.

Baidu will enter the electric car market, and China would be the first territory.

According to ., the Chinese Internet giant also wants to compete with green cars.

Until now, it evaluates manufacturing contracts. However, it could also join another company to make the cars, taking a majority stake.

A source informed . that the company spoke with auto companies Zhejiang Geely, Guangzhou Automobile Group and Hongqi. No agreements have yet been reached, so the talks are simply exploratory.

. consulted with Baidu, who did not comment on the matter. Only Guangzhou Automobile Group pointed out that it has a strategic alliance with the Chinese giant.

What is Baidu’s strength and how has your experience with vehicles been?

In addition to being the leader in Internet searches in Asia, Baidu also works with autonomous driving technology. Since 2017 it has been developing in the area, with Artificial Intelligence as a base.

In Chinese cities like Beijing, Changsha and Cangzhou it has autonomous taxi services, called Go Robotaxi. These have safety drivers, but you’ll start testing driverless cars.

Baidu was founded in 2000 by Robin Li, its current director, and Eric Xu. Its headquarters are in Beijing, and it is listed on the NASDAQ as BIDU, $ 190.40, +4.90 (+ 2.64%).

Source: www.explica.co