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Article: Tesla faces a new foe as China's search engine Baidu allies with Volvo's owner Geely to make electric cars

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5 / 10

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Chinese tech giant Baidu is forming a strategic partnership with automaker Geely to manufacture electric vehicles. Baidu will contribute its autonomous driving platform, while Geely will provide manufacturing expertise and facilities.

This alliance enters a highly competitive Chinese EV market, where numerous tech-backed automakers are challenging Tesla's dominance. The partnership is structured as a new company, with Baidu reportedly holding majority control and decision-making power.

The main topics covered are the Baidu-Geely partnership, the competitive electric vehicle market in China, and the structure of the new joint venture.

Original URL

https://www.scmp.com/business/companies/article/3117004/chinese-search-giant-baidu-jumps-smart-electric-car-fray-teaming?utm_source=rss_feed

Source Feed

Science & Research - South China Morning Post

Published Date

2021-01-08 12:28

Fetched Date

2026-03-04 14:31

Processed Date

2026-03-04 15:17

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Present

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Tesla faces a new foe as China's search engine Baidu allies with Volvo's owner Geely to make electric cars
- Baidu, which already runs a huge open-source autonomous-driving platform, plans to use Geely’s production and development capabilities, according to sources
- It joins a crowded field of Chinese carmakers backed by tech giants racing to challenge the dominance of Tesla
Baidu, which already runs one of the world’s largest open autonomous-driving platforms, plans to use Geely’s production facilities and development capabilities to reinforce its foray into car manufacturing, according to two sources with knowledge of the matter. Shares of Geely Automobile shot up by a fifth in Hong Kong on Friday.
An agreement between Baidu and Zhejiang Geely Holding Group, which owns Volvo Cars and a stake in Daimler, will be signed soon, the sources said.
Baidu joins a crowded field of more than 200 licensed electric car makers of all shapes and stripes, many of them backed by China’s major technology companies. Alibaba Group is invested in Xpeng, while Tencent backs NIO.
The sources said the new partnership would represent more than the creation of a car making joint venture. Reuters reported on Thursday that Baidu will take a majority stake and absolute power in the company, which will builds its own cars.