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Technology Stocks : Baidu (BIDU)
BIDU 121.77-4.6%Oct 30 3:59 PM EDT
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From: Frank Sully6/15/2022 8:02:08 AM
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   of 2093
 
Key Takeaways From Baidu’s First EV Launch


  • Baidu, Inc (NASDAQ: BIDU) electric vehicle arm Jidu Auto launched a "robot" concept car via an online press conference held on Baidu's metaverse-themed app Xirang.
  • It is the first vehicle to be revealed by a Chinese internet company.
  • The concept car is free of door handles and is fully controlled via voice recognition, Reuters reports.
  • The 'robot' EVs will possess autonomous Level 4 capabilities bypassing human intervention and utilize Qualcomm Inc's (NASDAQ: QCOM) 8295 chips, which will enable users to access voice assistance offline.
  • Jidu will also build two lidars and 12 cameras alongside the car.
  • Jidu, co-funded by Chinese automaker Geely Automobile Holdings Ltd (OTC: GELYY), will manufacture in Hangzhou Bay in China's eastern city of Ningbo, where Geely has several plants.
  • Jidu hired ex-Cadillac designer Frank Wu as its head of design, and Wang Weibao, a former Apple Inc (NASDAQ: AAPL) EV initiative Project Titan, as its head of intelligent driving.
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