BEIJING (Reuters) – Baidu’s electric vehicle arm Jidu Auto said on Wednesday that it has raised nearly $400 million from Baidu and Zhejiang Geely Holding Group in a new funding round.
Jidu, an electric vehicle (EV) venture between China’s search engine company Baidu and Chinese automaker Geely, said in a statement that it would deliver its mass-produced “robot” EVs in 2023.
(Reporting by Yingzhi Yang and Brenda Goh; Editing by Christian Schmollinger)
