Baidu and Geely invest USD400 million in electric car venture Jidu


Jidu plans to reveal its concept electric car with Level 4 autonomous driving capabilities at the auto show in Beijing, which is scheduled for April 2022

Chinese technology company Baidu and leading carmaker Geely have announced that the two companies are jointly investing nearly USD400 million in their electric car venture Jidu’s series A funding round, according to a report filed by CNBC on 26 January 2022.

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