Baidu’s Auto Venture To Invest $7.7 Billion Into Smart Cars Over Next Five Years

Jidu plans to release a new model every year or every one-and-a-half years after the first one is launched, Xia said, without offering a sales target. It plans to hire 2,500 to 3,000 people over the next two to three years, including 400 to 500 software engineers.