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two Chinese business giants said on Monday they will team up to form a new company that makes Smart electric vehicles.
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Search engine Baidu confirmed it would partner with Jilly, marking the latest move by a tech company into the fast growing evey sector.
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Baidu has experience in intelligent vehicles.
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It's developed autonomous driving technology on online infrastructure.
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The new EV company will rely on Baidu's intelligent driving capabilities on Julie's car manufacturing expertise by these move comes as many tech companies race to develop smart cars.
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Apple is reportedly pushing to design an electric vehicle and batteries.
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Sources told Reuters last month that it was aiming for a possible 2024 launch date.
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Chinese e commerce giant Alibaba has also formed an E V venture with the country's largest automaker, S A.
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Baidu first built its autonomous driving unit Apollo in 2017 in mainly supplies technology powered by artificial intelligence on runs autonomous taxi service Go Robo taxi.