Baidu's EV firm Jidu hires ex-Cadillac designer -sources

Reuters2021-06-28

BEIJING, June 28 (Reuters) - Jidu Auto, a smart electric vehicle venture between China's tech giant Baidu Inc and Chinese automaker Geely , has hired Frank Wu, formerly at Cadillac, to lead its design studio, three sources told Reuters.

Jidu's chief executive Xia Yiping exclusively told Reuters in April that the new company, founded in January, aims to invest 50 billion yuan ($7.7 billion) into producing smart cars over the next five years.

Wu previously worked for General Motors Co's premium Cadillac brand in Warren, Michigan, and led design studio of Beijing brand of Chinese state-owned automaker BAIC in Beijing.

Baidu's EV making plan comes as tech companies around the world are racing to develop smart cars after Tesla's success in commercializing EVs. The collaboration is based on Geely's EV-focused platform, Sustainable Experience Architecture $(SEA)$. Baidu currently owns 55% of Jidu and Geely has a 45% stake.

Baidu and Jidu did not immediately respond to a request for comment.

Shanghai and Beijing based Jidu also plans to roll out its car brand in the third quarter of 2021.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Yinasim
2021-06-28
Yinasim
Looks like everyone is jumping on the EV bandwagon
JayChoong
2021-06-28
JayChoong
Nice
hell9
2021-06-28
hell9
Go go go
Nicknamed
2021-06-28
Nicknamed
Oo
Felixpow
2021-06-28
Felixpow
Cool
Sharuddin
2021-06-28
Sharuddin
Go go go

Leave a comment

17

64

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2146884165?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-06-28 17:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2146884165","market":"us","top_or_hot":-1,"title":"Baidu's EV firm Jidu hires ex-Cadillac designer -sources","media":"Reuters","content":"<p>BEIJING, June 28 (Reuters) - Jidu Auto, a smart electric vehicle venture between China's tech giant Baidu Inc and Chinese automaker Geely , has hired Frank Wu, formerly at Cadillac, to lead its design studio, three sources told Reuters.</p>\n<p>Jidu's chief executive Xia Yiping exclusively told Reuters in April that the new company, founded in January, aims to invest 50 billion yuan ($7.7 billion) into producing smart cars over the next five years.</p>\n<p>Wu previously worked for General Motors Co's premium Cadillac brand in Warren, Michigan, and led design studio of Beijing brand of Chinese state-owned automaker BAIC in Beijing.</p>\n<p>Baidu's EV making plan comes as tech companies around the world are racing to develop smart cars after Tesla's success in commercializing EVs. The collaboration is based on Geely's EV-focused platform, Sustainable <a href=\"https://laohu8.com/S/EXP.AU\">Experience</a> Architecture <a href=\"https://laohu8.com/S/SEA\">$(SEA)$</a>. Baidu currently owns 55% of Jidu and Geely has a 45% stake.</p>\n<p>Baidu and Jidu did not immediately respond to a request for comment.</p>\n<p>Shanghai and Beijing based Jidu also plans to roll out its car brand in the third quarter of 2021.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Baidu's EV firm Jidu hires ex-Cadillac designer -sources</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBaidu's EV firm Jidu hires ex-Cadillac designer -sources\n</h2>\n\n<h4 class=\"meta\">\n\n2021-06-28 17:03 北京时间&nbsp;&nbsp;&nbsp;<strong>Reuters</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING, June 28 (Reuters) - Jidu Auto, a smart electric vehicle venture between China's tech giant Baidu Inc and Chinese automaker Geely , has hired Frank Wu, formerly at Cadillac, to lead its design...</p>\n\n<a href=\"None\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":null,"article_id":"2146884165","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2146884165","pubTimestamp":1624871029,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"BEIJING, June 28 (Reuters) - Jidu Auto, a smart electric vehicle venture between China's tech giant ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉","01958":"北京汽车","09888":"百度集团-SW","BIDU":"百度","QNETCN":"纳斯达克中美互联网老虎指数","GM":"通用汽车"},"translate_title":"百度电动汽车公司吉度聘请前凯迪拉克设计师-来源","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01958":0.9,"09888":0.9,"BIDU":0.9,"GM":0.9,"QNETCN":0.9,"TSLA":0.9},"content_text":"BEIJING, June 28 (Reuters) - Jidu Auto, a smart electric vehicle venture between China's tech giant Baidu Inc and Chinese automaker Geely , has hired Frank Wu, formerly at Cadillac, to lead its design studio, three sources told Reuters.\nJidu's chief executive Xia Yiping exclusively told Reuters in April that the new company, founded in January, aims to invest 50 billion yuan ($7.7 billion) into producing smart cars over the next five years.\nWu previously worked for General Motors Co's premium Cadillac brand in Warren, Michigan, and led design studio of Beijing brand of Chinese state-owned automaker BAIC in Beijing.\nBaidu's EV making plan comes as tech companies around the world are racing to develop smart cars after Tesla's success in commercializing EVs. The collaboration is based on Geely's EV-focused platform, Sustainable Experience Architecture $(SEA)$. Baidu currently owns 55% of Jidu and Geely has a 45% stake.\nBaidu and Jidu did not immediately respond to a request for comment.\nShanghai and Beijing based Jidu also plans to roll out its car brand in the third quarter of 2021.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":150171107,"gmtCreate":1624891168909,"gmtModify":1703847271510,"author":{"id":"3585236324784959","authorId":"3585236324784959","name":"Yinasim","avatar":"https://community-static.tradeup.com/news/fe636395860151da4253481e4a32fd0d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3585236324784959","idStr":"3585236324784959"},"htmlText":"Looks like everyone is jumping on the EV bandwagon","listText":"Looks like everyone is jumping on the EV bandwagon","text":"Looks like everyone is jumping on the EV bandwagon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150171107","repostId":2146884165,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":150927332,"gmtCreate":1624883906226,"gmtModify":1703846947786,"author":{"id":"3574588141038438","authorId":"3574588141038438","name":"JayChoong","avatar":"https://static.tigerbbs.com/41a6a1e04b0b5eb370035731b150fb4a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3574588141038438","idStr":"3574588141038438"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150927332","repostId":2146884165,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":150932411,"gmtCreate":1624881069533,"gmtModify":1703846889858,"author":{"id":"3584351715781064","authorId":"3584351715781064","name":"hell9","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3584351715781064","idStr":"3584351715781064"},"htmlText":"Go go go","listText":"Go go go","text":"Go go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150932411","repostId":2146884165,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":150024567,"gmtCreate":1624877352459,"gmtModify":1703846806784,"author":{"id":"3581999591141390","authorId":"3581999591141390","name":"Nicknamed","avatar":"https://static.tigerbbs.com/a141f4920a12e7bc38751e9bdf007321","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3581999591141390","idStr":"3581999591141390"},"htmlText":"Oo","listText":"Oo","text":"Oo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150024567","repostId":2146884165,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":150022715,"gmtCreate":1624877198637,"gmtModify":1703846804073,"author":{"id":"3586409610140134","authorId":"3586409610140134","name":"Felixpow","avatar":"https://static.tigerbbs.com/0a3007d4a16bb4b548591e43d3506ea8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3586409610140134","idStr":"3586409610140134"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150022715","repostId":2146884165,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":150035283,"gmtCreate":1624874287942,"gmtModify":1703846746007,"author":{"id":"3578719113411257","authorId":"3578719113411257","name":"Sharuddin","avatar":"https://static.tigerbbs.com/3ff34a902b2d024abf700b3ecffbaeab","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3578719113411257","idStr":"3578719113411257"},"htmlText":"Go go go","listText":"Go go go","text":"Go go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150035283","repostId":2146884165,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":64,"commentSize":17,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2146884165"}