2/2 © Reuters. FILE PHOTO: Baidu logo seen during the World Internet Conference (WIC) in Wuzhen 2/2
BEIJING / SHANGHAI (Reuters) – China’s Baidu Inc (NASDAQ 🙂 and automaker Geely hired co-founder and former Mobike CTO Xia Yiping as CEO of their new electric vehicle company, the search engine giant. Last month, Baidu announced that it would establish a company with Zhejiang Geely Holding Group to leverage its smart driving capabilities and Geely’s car-making expertise. “Xia has extensive management experience in the field of smart cars and mobility services,” Baidu said in a statement. “We welcome Xia Yiping to join Baidu Automobile Company and look forward to his contribution to Baidu and the automobile industry.” Reuters reported on Xia’s appointment last week, citing people familiar with the matter. Xia served as Mobike’s CTO until the company was acquired by food delivery giant Meituan in 2018. Prior to Mobike, he worked at Ford Motor (NYSE 🙂 and Fiat Chrysler.