Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / BIDU - Baidu confirms tie-up with Geely to create intelligent EV company

BIDU - Baidu confirms tie-up with Geely to create intelligent EV company

Baidu Inc.
It's official: Baidu (BIDU) says it will set up a company to partner with Chinese automaker Geely (GELYF) to make smart electric vehicles.Baidu says it will provide intelligent driving capabilities to power the passenger vehicles for the new venture, and Geely will contribute its expertise in automobile design and manufacturing.Geely also will be a strategic investor in the new company, which will be an independent subsidiary of Baidu.Baidu shares jumped 16.5% during Thursday and Friday following Reuters' initial report of Baidu's EV plans with Geely.

For further details see:

Baidu confirms tie-up with Geely to create intelligent EV company
Stock Information
Company Name: Baidu Inc.
Stock Symbol: BIDU
Market: NASDAQ
Website: ir.baidu.com
Menu
BIDU BIDU Quote BIDU Short BIDU News BIDU Articles BIDU Message Board
Get BIDU Alerts

News, Short Squeeze, Breakout and More Instantly...