Name: China's Baidu, Geely team up to make smart EVs
Uploaded: 2021-01-11T18:25:48.000Z
Duration: 1 min 16 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

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.

Baidu has experience in intelligent vehicles.

It's developed autonomous driving technology on online infrastructure.

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.

Apple is reportedly pushing to design an electric vehicle and batteries.

Sources told Reuters last month that it was aiming for a possible 2024 launch date.

Chinese e commerce giant Alibaba has also formed an E V venture with the country's largest automaker, S A.

 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. 