On December 7th, Chinese automaker, Jidu Auto transformed its title to “Shanghai Mihang Vehicle Co., Ltd.” Established in March 2021 with a registered money of 2 billion yuan ($286,554,000), Jidu Automobile was the kid of a partnership between Baidu and Geely, and its legal consultant is Liang Zhixiang.
On the other hand, in June this calendar year, Jidu Vehicle underwent a shakeup, which noticed Shanghai Huapu Vehicle Co., Ltd., managed by Geely, withdraw from the ranks of shareholders. The lawful representative of the firm was also transformed from Xia Yiping, Chief Executive Officer (CEO) of Jidu Automobile, to Liang Zhixiang. Additionally, Xia Yiping stepped down as director and normal supervisor, and An Conghui, chairman of Geely Car, also stepped down as director of Jidu Car.
Jidu is still jointly held by Baidu and Geely, and the shares held by both equally get-togethers keep on being unchanged, with Xia Yiping retaining the CEO spot.
The corporation is at this time wholly-owned by Dazi County Bairuixiang Enterprise Capital Management Co., Ltd., a wholly-owned subsidiary of Chinese search huge Beijing Baidu Netcom Technological innovation Co., Ltd.
Also, area media reviews that Baidu On the web Network Technological know-how (Beijing) Co., Ltd. productively registered a number of “Power Hang” trademarks commencing in 2021. These emblems were labeled less than implies of transportation, mechanical gear, scientific instruments, gasoline oil, transportation, and storage, and so on.
In response to the identify transform, the enterprise claims this is a usual adjustment based mostly on company enhancement requirements.
In October, Jidu’s initial model, the ROBO-01 Lunar Exploration Limited Edition, was formally unveiled, priced at 399,800 yuan ($57,290), and the new car is expected to be shipped in 2023. This design is positioned as a medium-to-big SUV, built centered on Baidu Apollo’s autonomous driving abilities, and adopts a vision + twin-lidar autonomous driving solution. It is however created by Geely Automobile.
Even although Baidu is a nicely-set up tech big, it has been makings its way into the automotive market for some time now. Its CEO, Robin Li has stated on several community occasions that “car robots” will be the potential of cars and trucks.
Geely will also be a key beneficiary through the agreements as the technologies formulated will get seeped into its motor vehicles. It has a short while ago entered the EV pickup discipline with the higher-end RADAR brand. We might get to see it outfitted with the autonomous driving tech currently being made by Jidu.