Friday, 24 March, 2023

Baidu’s electric car brand Jidu raises $400M

<p>Jidu, a Chinese electric carmaker founded by Baidu and its Chinese auto partner Geely, raised around $400M in a funding round. The funds will help Jidu accelerate its R&amp;D and mass production processes, allowing it to debut its first concept, the &quot;robocar,&quot; at the Beijing auto show in April. In 2023, a mass-produced version of the &quot;robocar&quot; will be available. The electric vehicle startup is also focusing heavily on branding and building a fan base.</p>