Assembly Line

Geely and Baidu partnered to establish new EV company JIDU in 2021.

📅 Date:

🔖 Topics: Partnership

🏢 Organizations: Geely, Baidu, JIDU

On August 9, Chinese automaker Geely and tech giant Baidu jointly established an automotive technology company with a registered capital of RMB 10 million ($1.38 million). Geely and Baidu’s wholly-owned subsidiaries hold 65% and 35% stakes in the new company, respectively. Currently, neither Geely nor Baidu has disclosed the development direction of their new joint venture, but the newly established company’s business scope comprises sales of new energy vehicles, operations of EV charging infrastructure, and sales of batteries and digital technology services according to the publicly available information on corporate data site Tianyancha

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