Baidu, the largest online search company in China, announced that it will establish a new company to produce EV = electric vehicles in partnership with domestic automobile manufacturers.
In China, the world's largest automobile market, competition in the electric vehicle sector is expected to intensify.
Baidu of China announced on the 11th that it will establish a subsidiary by forming a strategic alliance with Chinese automobile manufacturer "Geely Group" to produce and sell EV = electric vehicles.
Baidu is developing autonomous driving technology with the support of the Chinese government.
At the moment, details such as the sales time of the car to be developed in the future have not been disclosed, but Baidu says that it will provide advanced IT technology such as AI = artificial intelligence used for autonomous driving, and Geely will manufacture EVs. It seems that he is in charge of.
China is the world's largest market with annual automobile sales of more than 25 million units, and EV sales are expanding rapidly to about 1 million units.Therefore, EVs, such as "Drip", a major vehicle dispatch service, etc. There are a series of movements among IT companies to partner with automobile manufacturers, and the entry of Baidu is likely to intensify competition in the future.