TECH - Geely And Baidu's Joint Venture Unveils Jiyue 01 EV Priced Competitively Below Tesla Model Y | Benzinga
The Jiyue 01, an electric vehicle resulting from the collaboration between Zhejiang Geely Holding Group Co. and Baidu Inc (NASDAQ:BIDU), was launched on Friday, underscoring the expansion and intensifying competition within the world’s largest automobile market for EVs.
What Happened: The Jiyue 01, the inaugural EV from the Geely and Baidu JV brand JiYue, is a five-seater SUV that starts at 249,900 yuan, reported CnEVPost. It comes in two versions — Max and Max Performance.
The pricing of the new vehicle is below Tesla’s starting price of 263,900 yuan. Further, taking a different route from most cars that rely on high-precision maps for driver assistance, Jiyue 01 is adopting a pure vision system, a strategy also employed by Tesla. However, Tesla’s full self-driving (FSD) software is currently inaccessible in the country, paving the for players like XPeng and Jiyue to fill the market gap. ...