JIDU

Chinese tech giant Baidu (BIDU) beat Wall Street’s Q2 earnings estimates on Tuesday despite several headwinds in China’s economy. Baidu’s Apollo Go, its robotaxi business, unveiled its next-gen autonomous EV, the Apollo RT6, as the service surpasses 1 million rides.

During its inaugural partner’s conference in Shanghai, autonomous-centric robotic car brand JIDU shared details of its lofty production expansion goals overseas. Furthermore, the CEO of parent company Baidu, said JIDU’s autonomous driving technology will “lead the Tesla generation.”

Following months of teasing the public, Baidu’s intelligent EV startup JIDU has officially unveiled its AI powered, robotic EV, called the ROBO-01. The ROBODAY presentation took place today on Baidu’s metaverse platform and included a slew of images, video, and details of the upcoming JIDU smart EV.

Just over a year after being founded, intelligent EV startup JIDU is on the cusp of officially unveiling the concept of its first vehicle, referred to as the “Robocar.” Following delays due to COVID-19 restrictions in China, JIDU announced the EV concept will debut at its ROBODAY event in June.

Intelligent EV startup JIDU announced a closed round of Series A funding that raised nearly $400 million dollars. The financing was led by JIDU’s parent company Baidu Group, and its business partner Zhejiang Geely Holding Group – the largest auto manufacturer in China. JIDU plans to use the funds for R&D of its teased “Robocar” concept, aiming for mass production in 2023.