Volocopter Signs EUR 50 Million in First Closing of Series C Round

September 9, 2019

Today, Volocopter, the Urban Air Mobility pioneer, announced that it signed the first closing of its Series C funding round, which is being led by Zhejiang Geely Holding Group (Geely Holding). The new funds will be used towards bringing the VoloCity aircraft to commercial launch within the next three years.

Statement Regarding Baidu and Geely Holding Cooperation

July 6, 2019

Following on from the announcement of a cooperation between Baidu and Geely Holding Group on July 3rd 2019, Reuters reports have incorrectly indicated that Geely Holding Group and Baidu will cooperate in the area of autonomous drive.  Geely Holding and Baidu’s cooperation is limited to the research and development and application of Artificial Intelligence (AI) in the automotive ecology with the goal of providing our end users with a leading experience 

Geely to Redefine the Connected Automotive Experience with Baidu

July 3, 2019 | Geely Auto Group, Zhejiang Geely Holding Group, 浙江吉利控股集团

At the “2019 Baidu Create”, Baidu’s Artificial Intelligence Development Conference, Li Shufu, Chairman of Zhejiang Geely Holding Group (Geely Holding) and Robin Li, Founder, Chairman and CEO of Baidu, announced that Geely Holding and Baidu will strategically cooperate in the fields of intelligent connectivity, smart mobility, smart home, e-commerce and in other areas related to AI technology. The two parties will jointly explore the development AI applications in the automotive ecosystem, with the long term aim of accelerating the large-scale popularization of intelligent connected vehicles in China and internationally.