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Baidu, FAW to Jointly Launch L4 Autonomous Passenger Car by End of 2019
Baidu, 11/01/18
Robin Li, CEO of Baidu (Nasdaq: BIDU), announced today at the annual Baidu World event in Beijing that the Chinese internet giant plans for volume production of China’s first Level 4 (L4) Hongqi autonomous driving passenger vehicle in collaboration with Chinese automaker FAW Group, collaboration with Chinese-owned Swedish car manufacturer Volvo to jointly develop electric cars with full autonomous capabilities for the China market, and plans for autonomous driving taxis. Read More
Rumor: China Mobile, CBC, CCTV to Form CMMB JV
Economic Observer, 2/10/12
According to a source within mobile phone TV operator China Broadcasting Corporation (CBC), China Mobile (NYSE: CHL; 0941.HK), China Central Television (CCTV), and CBC will establish a joint venture to provide an integrated platform for the entire China Multimedia Mobile Broadcasting (CMMB) mobile phone TV industry chain. Read More
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