News Snapshot:
Baidu throws the gauntlet to Tesla. The CEO of autonomous robotic car brand JIDU claims that the “Robocar” JIDU will be a generation ahead of Tesla. During a press conference in Shanghai, the CEO shared details of his ambitious overseas manufacturing expansion goals, stating that JIDU’s autonomous driving technology “will lead the Tesla generation.” In January 2021, Baidu announced the expansion from software development to physical production of electric vehicles, joining forces with Geely to produce a new generation of electric vehicles. In March, the JIDU brand was officially unveiled with $ 300 million in starting capital. This was followed...
