Geely and Baidu jointly establish Jiyuyue Automobile to accelerate technological innovation

Hangzhou Jiyuyue Automotive Technology Co., Ltd. officially announced its establishment on August 10. This joint venture has entered the field of automotive technology. It is a joint venture established by Zhejiang Geely Industrial Investment Holdings Co., Ltd. and Shanghai Mihang Automobile Co., Ltd., a subsidiary of Baidu, with a registered capital of 10 million yuan. The company's business scope covers new energy vehicle sales, auto parts retail, electric vehicle charging infrastructure operations, digital technology services and other fields. The specific development direction has not been disclosed

According to the editor's understanding, previous reports showed that Shanghai Mihang Automobile Co., Ltd. is a company jointly held by Baidu and Zhejiang Geely. The company was originally named Jidu Automobile Co., Ltd., but it underwent industrial and commercial changes in December last year and was renamed Shanghai Mihang Automobile Co., Ltd. Jidu Auto is still jointly owned by Baidu and Geely, and Xia Yiping serves as the company's CEO. In October last year, Jidu Automobile launched its first model, the ROBO-01 lunar exploration limited edition. This medium and large SUV was developed based on Baidu Apollo's autonomous driving technology. It uses a vision plus dual lidar autonomous driving solution and is represented by Geely Automobile. industrial production. The new car was officially unveiled in October last year, priced at 399,800 yuan, and is expected to be delivered this year. Although the development direction of Jiyue Automobile Company has not yet been made public, its establishment marks the development of Geely and Baidu in the field of smart cars. Work closely to bring more innovative automotive technology products and services to consumers. With the continuous advancement of intelligent driving technology, the future development of this newly established automotive technology company is highly anticipated

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