Baidu-Backed Jiyue Kickstarts Pre-Sales for Jiyue 07 Electric Sedan

In an ambitious move that signals further expansion into the environmentally-conscious vehicle sector, Jiyue, the electric vehicle manufacturer forged in partnership by tech giant Baidu, Inc. BIDU and automotive conglomerate Geely Holding Group, has officially initiated the pre-sale phase for its latest creation, the Jiyue 07 sedan. This announcement marks a significant progression for Baidu, known predominantly for its dominance in internet search services within China and headquartered in Beijing, as it delves deeper into the burgeoning electric vehicle market. The pre-sales of Jiyue 07 are a precursor to the highly-anticipated official launch event slated for the following month.

Baidu's Foray into the Electric Vehicle Arena

Established by Baidu with the strategic collaboration of Geely Holding Group, Jiyue represents a pivotal chapter in Baidu's diversification efforts. The company, whose roots are deeply embedded in internet technology, is now vying for a position as an innovator in the electric vehicle industry. Its recent undertaking, the Jiyue 07 sedan, signals the firm's commitment to expanding its portfolio beyond internet services. This move is watched closely by market participants and competitors alike, including the influential American electric vehicle maker Tesla, Inc. TSLA, recognized for its comprehensive range of electric cars, energy storage systems, and solar energy solutions.

The Rise of Electric Vehicles and Market Competition

With concerns over environmental sustainability driving consumer preferences, electric vehicles (EVs) continue to gain traction, carving a niche that once seemed a distant future. Companies like Tesla have paved the way, championing the EV space with notable market shares in the plug-in and battery electric passenger car segments. Tesla's significant presence in the market, alongside its array of clean energy products, raises the bar for new entrants like Jiyue. However, with Baidu's technological prowess and Geely's manufacturing expertise, Jiyue 07 is poised to challenge the status quo, potentially disrupting the market currently dominated by established players like Tesla.

Baidu, Jiyue, ElectricVehicle