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In 50 Words: Geely, Baidu form joint EV tech company with $1.4m capital
Chinese automaker Geely and tech firm Baidu have established a joint auto tech company with a registered capital of around US$1.4 million. Geely and Baidu’s subsidiaries own 65% and 35% of this venture, respectively.
Its business scope includes sales of EVs, operation of charging infrastructure, and sale of batteries and digital services.
