Baidu Geely hires Mobike co-founder as CEO: report

Baidu and automaker Geely have hired Mobike co-founder and chief technology officer Xia Yiping to serve as the chief executive officer (CEO) of their newly formed electric vehicle joint venture, two people familiar with the matter said, Sina reports.

Chinese search engine giant Baidu and automaker Geely have hired Mobike co-founder and chief technology officer Xia Yiping to serve as the chief executive officer (CEO) of their newly formed electric vehicle joint venture, two people familiar with the matter said, Sina reports.

Baidu declined to comment. A Geely spokesperson said it was not aware of the appointment.

Xia has not yet responded to reporters’ request for comment.

Baidu announced last month that it would form a company with Geely to leverage its smart driving capabilities and Geely’s automotive manufacturing expertise.

Today, Baidu CEO Robin Li said that the two companies have appointed a CEO for the joint venture, but did not disclose his name.

In addition, Li also said that the two parties have confirmed its brand name and will launch an electric car model in about three years.

Baidu’s stock price has more than doubled since it was first reported in December that Baidu was interested in producing its own electric car.

Xia served as the chief technology officer of Mobike until 2018 when the company was acquired by the food delivery giant Meituan. According to LinkedIn information, before joining Mobike, Xia worked for Ford Motor and Fiat Chrysler.

Mobike and its main competitor ofo at the time were the pioneers of China’s bike sharing craze. Before the industry experienced a bubble from 2017 to 2018, they attracted hundreds of millions of dollars in investment and deployed millions of shared bicycles at home and abroad.

At present, China’s bike-sharing market is dominated by Meituan, Hellobike and Qingju, DiDi Chuxing’s bike-sharing spin-off.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2021/02/25/baidu-geely-hires-mobike-co-founder-as-ceo-report/.

Leave a Reply

Please Login to Comment