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Benzinga
Benzinga
Business
Shanthi Rexaline

Baidu's EV Initiative Raises $400M In Series B Funding; Robocar To Be Mass Produced In 2023

Baidu

Chinese search engine Baidu, Inc. (NASDAQ:BIDU), which has forayed into EVs, has announced an update on the progress being made in the arena.

What Happened: On Wednesday, Baidu said its intelligent EV division JIDU has raised about $400 million in Series A financing in a funding round led by the search engine and its strategic partner Geely Automobile Holdings Limited (PNK: GELYF).

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