Baidu has reportedly invested in Shenxiang Technology, a company specializing in new energy intelligent heavy trucks, which has now officially filed for an IPO on the Hong Kong Stock Exchange. This move positions Baidu within the growing electric and intelligent heavy-duty trucking industry, complementing its existing autonomous driving division, Apollo. Shenxiang Technology focuses on integrating intelligent driving systems with new energy trucks for logistics, ports, and mining areas. The company has demonstrated significant growth, delivering nearly 6,400 new energy heavy trucks as of June 2025 and generating revenues of 1.969 billion yuan in 2024. Baidu's investment underscores its strategy of expanding its AI ecosystem into the automotive and logistics sectors. There was no specific market reaction analysis available regarding this investment news.
Baidu Invests in Electric Truck Firm Shenxiang Technology Ahead of IPO
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