Billionaire Robin Li, chairman and chief executive officer of Baidu Inc., speaks during a news conference on the sidelines of the fifth session of the 12th Chinese People's Political Consultative Conference (CPPCC) in Beijing, China, on Thursday, March 9, 2017. Li said the Chinese government can open up data for better research. Photographer: Qilai Shen/Bloomberg
Baidu Inc’s billionaire founder has shed more light on the Chinese search giant’s plans to sell robot cars around the world, revealing his intention to spin off its driver-less car division once it reaches maturity to attract funding and partners.
Baidu is among Chinese corporations that have joined a race with Alphabet Inc and Uber Technologies Inc to develop autonomous driving, aiming for mass car production by 2021. The company remains on track to hit that target despite some technology kinks that needed to be worked out, chief executive officer Robin Li said in an interview with Bloomberg Television on March 10.
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