Keep up to date with top business news headlines in China.
The shares of both companies fell at opening on July 6.
Search giant Baidu has set up a new entity, Kunlunxin, to take over its artificial intelligent chip business.
Baidu and BAIC to deploy 1,000 Apollo Moon robotaxis over three years.
CTGR raised 22.7 billion yuan (US$3.6 billion) in its IPO, more than any other energy company in China.