Chinese tech titan Baidu and carmaking giant Geely to pour US$7.7 billion into making next-generation smart cars

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Chinese technology titan Baidu and carmaking giant Geely are to pour 50 billion yuan (US$7.7 billion) into making next-generation cars.Jidu Auto, the electric vehicle (EV) venture formed by Baidu and Geely in January, will invest the money over the next five years and aims to deliver its first smart car by 2024, Baidu confirmed in response to a Post inquiry.…

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