Geely Automobile was leaked to establish a separate electric vehicle business entity to differentiate it from the traditional fuel vehicle business.
A person familiar with the matter confirmed today that Geely Automobile will establish a new entity company for electric vehicles is true. In terms of organizational structure and operating model, as the new company, it will be an independent team.
However, the specific plan is still being weighed. ‘The above-mentioned insider further revealed. In January this year, Baidu announced that it would establish a new company with Geely to use its smart driving capabilities and Geely’s automotive production expertise to manufacture smart electric vehicles.
Baidu CEO Robin Li said earlier this month that he has identified the CEO and brand of the electric vehicle joint venture with Geely. He also said that they will try to release a new electric car model within three years.
(Via)
