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Last Update as at 19 Apr 09:21 (HKT)BIDU-SW: Baidu-Geely JV 'Jidu Auto' Independent Biz Entity, Tied to Baidu's Intelligent Driving Group

BIDU-SW (09888.HK) (BIDU.US) senior vice president Li Zhenyu said the group had formally established a smart auto company (named later as Jidu Auto) in January 2021, reported The Paper.

Jidu Auto, BIDU-SW's joint venture with Geely, will achieve mass production as late as 2024.

While Jidu Auto is related to Baidu's intelligent driving group on a macro basis, Li said Apollo is under BIDU-SW and Jidu Auto is an independently-operated entity.

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