BEIJING (Reuters) – Baidu has appointed a chief executive officer and decided on a brand for its electric vehicle (EV) venture with Zhejiang Geely Holding Group, the Chinese search engine giant said on Thursday.
Robin Li, Baidu’s CEO, made the comments on a quarterly earnings call without disclosing names. He also said that they would try to launch a new EV model in three years.
Baidu announced in January that it would set up a company with Geely that will leverage its intelligent driving capabilities and Geely’s car manufacturing expertise to make smart electric vehicles.
(Reporting by Yingzhi Yang and Brenda Goh; Editing by Shri Navaratnam)