Chinese automaker Zhejiang Geely Holding Group Co. Ltd. debuted its first electric-vehicle focused modular platform on Thursday, as part of its five-year plan to produce self-driving electric vehicles.
Hong Kong-listed Geely Group has invested over 18 billion yuan ($2.65 billion) in developing the new platform, but it faces stiff competition in the electric vehicle platform space.
A major player in China’s autonomous driving space is search engine giant Baidu.