Deals
Baidu's Billionaire CEO Envisions a Spinoff of Robot Cars Arm
- Chinese search giant is committed to the self-driving car race
- Robin Li’s still aiming to get to mass-production by 2021
Baidu's Li Says China Welcomes All Types of Talent
This article is for subscribers only.
Baidu Inc.’s billionaire founder has shed more light on the Chinese search giant’s plans to sell robot cars around the world, revealing his intention to spin off its driver-less car division once it reaches maturity to attract funding and partners.
Baidu is among Chinese corporations that’ve joined a race with Alphabet Inc. and Uber Technologies Inc. to develop autonomous driving, aiming for mass car production by 2021. The company remains on track to hit that target despite some technology kinks that needed to be worked out, Chief Executive Officer Robin Li said in an interview with Bloomberg Television on Friday.