Chinese language search engine large Baidu has employed bike-sharing startup Mobike co-founder and former chief expertise officer Xia Yiping as chief government officer of its new electrical automobile enterprise with home carmaker Geely, a Baidu spokesperson mentioned on Monday.
Final month, Baidu introduced plans to arrange a brand new enterprise with Geely to make sensible electrical autos as a part of its ongoing efforts to monetize its self-driving applied sciences. At present, Baidu is focusing extra on non-search companies corresponding to autonomous driving and cloud companies to diversify its revenues sources past internet advertising gross sales which have proven indicators of stagnation.
“Mr. Xia Yiping has wealthy administration expertise within the fields of sensible autos and mobility companies, and we welcome him to affix Baidu’s auto agency and sit up for his contribution to Baidu and the auto business,” the Baidu spokesperson informed Caixin.
Xia beforehand labored for Fiat Chrysler, Ford and ZTE earlier than co-founding Mobike in 2015, based on his LinkedIn profile. Mobike was acquired by Chinese language way of life service and meals supply large Meituan in 2018.
Throughout Baidu’s fourth-quarter earnings name final week, CEO Robin Li disclosed that his firm hopes to launch its first electrical automobile mannequin inside three years.
The Baidu-Geely tie-up is just not the primary pairing between a tech agency and a standard carmaker to co-develop electrical autos in China. Final 12 months, SoftBank-backed Chinese language ride-hailing firm Didi Chuxing launched the D1 electrical taxi it co-developed with automaker BYD. The D1 options assisted driving and is designed for ride-hailing.
Contact reporter Ding Yi ([email protected])
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