Connect with us

Electric Cars

Jidu Auto invests $ 7.7 billion in robotic vehicles



Jidu Auto, an electric vehicle joint venture between Chinese tech giant Baidu and Chinese automaker Geely, is set to invest $ 7.7 billion in smart cars over the next five years. This was reported in an exclusive publication by Reuters with reference to the executive director of the enterprise Xia Yiping.

The funding will come from Baidu and other investors, he said. The first electric car in Jidu is expected to be released in three years. This is a typical time frame for the industry, but the manufacturer will do its best to cut it.

According to Xia Yping, the robot-like electric car will target younger buyers. Subsequently, Jidu plans to release a new model about once a year or every one and a half years. To implement the project, 2500-3000 people will be hired within two to three years, including 400-500 programmers. At the same time, Jidu expects to use Geely’s open platform for electric vehicles and assemble cars in the city of Ningbo in eastern China, where Geely has several factories.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Latest News

Electric Cars1 min ago

Volvo owner unveils brand new Geely Emgrand sedan

Chinese automaker Geely, which owns Volvo and has a stake in Daimler AG, has submitted the necessary documents to the...

Phones22 mins ago

OLED screen, 5G, 64MP and 66W in a slim body. Honor Play 5 smartphone presented

Honor today unveiled the Play 5 smartphone in China – a fairly compact model with 5G support. The novelty is...

Software23 mins ago

WhatsApp can permanently hide annoying chats

The team of the popular messenger WhatsApp has begun testing a new convenient feature that will especially appeal to those...

News44 mins ago

The final version of HarmonyOS 2.0 is out on June 2nd. 300,000 people have already received the update

Chinese sources have learned from a senior Huawei official familiar with the matter that HarmonyOS 2.0 will be officially released...

Phones45 mins ago

Redmi Note 10 Pro received stable MIUI 12.5

The Redmi Note 10 Pro smartphone has received the MIUI 12.5 stable update, which is available in India, Europe and...

Laptops54 mins ago

Apple to release redesigned MacBook Pro with new SoC very soon, which will be the first sign of a whole series of new products

Apple is preparing new MacBook Pro laptops and other Macs soon to be released. This was told by the editor...

Phones55 mins ago

One-click camera or battery replacement. Xiaomi may have a modular smartphone

The idea of ​​a modular smartphone that involves a quick change of the camera, screen or battery has been known...

Headphones56 mins ago

No Apple AirPods or HomePod models support new lossless audio on Apple Music

Yesterday it became known that support for Spatial Audio and Dolby Atmos technologies, as well as Lossless Audio, are being...


Most Popular