Baidu-Geely JV eyes fresh funding, looks to streamline operations

Baidu-Geely JV eyes fresh funding, looks to streamline operations

FILE PHOTO: Logo of Baidu's electric vehicle (EV) arm, formerly known as Jidu Auto, is seen in Beijing, China June 8, 2022. REUTERS/Tingshu Wang/File Photo

Baidu and Geely’s carmaking joint venture, Ji Yue said on Wednesday that it would seek to raise new money and carry out some operational adjustments to cope with fierce market competition.

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