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CHINA'S GEELY, BAIDU ANNOUNCE ELECTRIC CAR VENTURES

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AppleMagazine #481

Chinese automaker Geely says it will form an electric car venture with tech giant Baidu, adding to a flurry of corporate tie-ups in the industry to share soaring technology development costs.

CHINA'S GEELY, BAIDU ANNOUNCE ELECTRIC CAR VENTURES

Geely Holding Group, which also has separate electric car brands, said the venture with Baidu.com Inc. would focus on intelligent and connected vehicles. It gave no details of investment or when products might be released.

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