Baidu, a Chinese global technology firm, is currently preparing to develop and set up its own electric cars, with the company in negotiations with a range of automakers.
The business has already established itself as the leading multi-tech organization in China, where it provides and operates numerous forms of technology-related services. They are already well recognized in China for their top-notch search engine services, as well as their autonomous driving technologies and internet access facilities.
The firm is reportedly in “preliminary talks” with such prepared automotive factories and car firms as Guangzhou Automobile, Zhejiang Geely Holding, and Hongqi of the FAW Group Organization, according to sources, where Baidu aims to have a potential deal and alliance with the car companies.
While reports have said that Baidu takes into consideration the contract manufacturing possibilities, or completely establishes and produces a venture where of course, much of the proposed business will be controlled by Baidu.
Baidu’s Auto History
In the year 2017, their autonomous vehicle technology or autopilot driving technology was first used and used in their own driving network, with their own Apollo manufactured and produced. Since then the organization has supplied the hardware that is run and fitted with artificial intelligence (AI). Baidu has also been collaborating with automotive makers and developers such as Volkswagen, Ford Motor, Geely, and Toyota Motor on ventures.
The organization is also recognised all over the world and with the Go Robotaxi, an autonomously driven taxi service that they began running last October 2020, the autopilot driving business. However an on-board safety driver is still with the robotaxis for a smoother and safer journey owing to the fact that it uses autopilot driving. The service already has operations in China’s Beijing, Changsha, and Cangzhou towns, and is planned to extend to 30 more cities in China within the next three years.
The Scene of Electric Vehicle Development
Reports of the company’s involvement in venturing into the electronic vehicle industry started shortly after the disclosure and introduction of a purpose-built van for the well-known automaker BYD Company by fellow Chinese multi-technology company, Didi Chuxing Technology. The disclosure then somehow ignited the plug for Baidu to potentially create and manufacture their own electric cars, which could then be a competitor on the industry stage.
Tesla may be regarded as the biggest leader in the commercial sector at present and the entire electric car industry in the world when it comes to electric cars. The corporation is already capped with a tremendous USD 554 billion in market share valuation.
Their commercial approach to the electric vehicle scene has had a huge influence not only on their continued growth in terms of their revenues, but also on the further advancement of ideas and ventures for other businesses that are more likely to build electric vehicle bases for their future automotive projects. Taking Baidu as an example of this.