LAS VEGAS, Jan. 6, 2017 /PRNewswire/ -- Baidu Intelligent Vehicle, a division of Baidu, and BAIC Motor Corporation Ltd., a prominent manufacturer of passenger vehicles in China, today jointly announced at the International Consumer Electronics Show (CES) that they have formed a comprehensive strategic partnership to produce and promote advanced intelligent vehicle technology.
Under the new strategic partnership, Baidu and BAIC will cooperate on two key projects: to launch car models in the first half of 2017 with telematics solutions provided by Baidu, and to road test the BAIC Level 3 autonomous driving car by the end of this year. According to the agreement, the companies will also explore broad cooperation in Level 3 autonomous driving technology including high definition (HD) maps and Learning Map, and Baidu will provide BAIC with intelligent vehicle OEM solutions including CarLife, CoDriver, and MapAuto. Baidu and BAIC will co-launch a research lab to promote technological collaboration and the mass application of intelligent vehicle technologies.
At the CES launching ceremony, Baidu President Dr. Yaqin Zhang said, "Intelligent vehicle technology is an increasingly important area for Baidu, and we are delighted to be partnering with BAIC, one of the most active automobile manufacturers worldwide in promoting smart software. We look forward to working together to establish a smart vehicle ecosystem to support this important industry trend."
BAIC President Mr. Feng Li said, "The future of the automobile industry lies in the deep integration and synergistic innovation between traditional automobile manufacturers and Internet companies. Our strategic partnership with Baidu will help upgrade the intelligent technology capabilities of both companies, while establishing a model for development in the smart vehicle industry."
As a leading global provider of intelligent vehicle software and technology, Baidu Intelligent Vehicle develops solutions utilizing the company's expertise in artificial intelligence and big data. Baidu's Sensor-Fusion Solution, which is based on a combination of camera sensors, radar and HD map technology, has been successfully tested in vehicles under real-world driving conditions including highways, parking lots and closed areas. Baidu HD Map, which is the only mass product of its kind that can be widely deployed in China and customized to fit various car models, has reached centimeter-level accuracy with over 90% of data produced automatically. Currently, Baidu's HD Map has 95% accuracy for recognizing road conditions such as traffic signs and structures, and is able to update data in near-real time. Baidu CarLife, Baidu's smart vehicle solution, has been deployed in nearly 150 car models from 60 automobile manufacturers, including Audi, Mercedes-Benz, Hyundai and Shanghai GM (including Chevrolet, Buick and Cadillac brands), and counts over 700,000 car owners as active users.
In November 2016, Baidu and Beiqi Foton Motor Co. (Foton), the world's largest commercial vehicle company in terms of production and sales, co-launched China's first ever autonomous driving truck, which represents a major milestone in the development of autonomous driving technology for commercial vehicles.
Baidu Intelligent Vehicle will continue to work with automobile manufacturers all over the world to develop a intelligent vehicle ecosystem and to expand intelligent vehicle technology applications for traditional vehicles.
Baidu, Inc. is the leading Chinese language Internet search provider. As a technology-based media company, Baidu aims to provide the best and most equitable way for people to find what they're looking for. In addition to serving individual Internet search users, Baidu provides an effective platform for businesses to reach potential customers. Baidu's ADSs trade on the NASDAQ Global Select Market under the symbol "BIDU". Currently, ten ADSs represent one Class A ordinary share.
About BAIC Motor Corporation Limited
BAIC Motor Corporation Limited was founded in September, 2010. The Company is the platform of resource aggregation and business development for BAIC Motor Group. The Company is a leading manufacturer of passenger vehicles in China; the Company is engaged in the design, research and development, manufacture and sale of an extensive and diversified portfolio of passenger vehicle models, and the provision of related services in China.