Baidu decided on the mission of an electric vehicle joint venture established with Gili Motors and officially registered it.
According to Kaadeili, a Chinese media outlet on the 3rd, Baidu decided on the mission of an electric vehicle joint venture to be’Zidu’. He explained that the meaning of culminating artificial intelligence (AI) capabilities is melted. Baidu is not just an electric car, but a smart car that combines autonomous driving and AI technology based on the’Apollo platform’.
Baidu registered the company as a formal enterprise on the 2nd, and the registered capital is 2 billion yuan (about 3469 billion won). This day becomes the date of incorporation of this company.
Baidu and Gili Motors have a 55% to 45% stake. The legal representative is Mr. Shayping, who was recently appointed as CEO, and the registered address is Jiading District, Shanghai, China. Jiading-gu is a region where autonomous driving companies such as Baidu, Diddy, and AutoX are testing autonomous driving.
The scope of the company’s management is indicated by eco-friendly automobile and related parts technology services, technology development, technology consulting, technology exchange and transfer.
In addition to CEO Shaping, the board of directors will consist of three Baidu directors and one Gili Motors director.
Considering the share ratio, Baidu is leading senior executives and Gili Motors becomes a strategic cooperation partner.
Jidu Motors will make electric cars based on the electric vehicle platform’SEA’ developed by Gili Motors.
Related Articles
Baidu, former CEO of Mobike as head of electric vehicle company
Baidu in China operates autonomous buses in shopping malls
Chinese Baidu unveils’AR glass’ for factory workers
Baidu to test self-driving car without safety personnel in the U.S.
Baidu CEO Li Yan-Hung announced at the conference call for earnings presentation held on the 20th of last month that “the electric vehicle company jointly with Gili Motors will launch the first smart electric vehicle within three years.”
Shaping, CEO of Zido Motors, explained in a recent interview with the media, “The goal of Baidu’s car making is to make the car at an acceptable cost to consumers, so that everyone can enjoy the L4 level unmanned autonomous driving technology.”