Geely And Baidu's Joint Venture Unveils Jiyue 01 EV, Priced Competitively Below Tesla Model Y
Portfolio Pulse from Benzinga Neuro
Zhejiang Geely Holding Group Co. and Baidu Inc have launched the Jiyue 01, an electric vehicle (EV) from their joint venture. The vehicle is priced below Tesla's starting price and uses a pure vision system for driver assistance, similar to Tesla. However, Tesla's full self-driving (FSD) software is currently inaccessible in China, creating a market gap that Jiyue and other players like XPeng are looking to fill.
October 28, 2023 | 9:38 am
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POSITIVE IMPACT
Baidu's joint venture with Geely has launched a new EV, which could potentially increase its market share in the EV sector.
The launch of the new EV could potentially increase Baidu's market share in the EV sector, which could positively impact its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tesla's full self-driving software is currently inaccessible in China, which could potentially lead to a loss in market share.
The inaccessibility of Tesla's FSD software in China could potentially lead to a loss in market share, which could negatively impact its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70