Baidu-Geely JV is the latest EV maker struggling with money issues ...
Dec 12, 2024 · Jiyue 01 electric SUV, showcased in Shanghai on October 27, 2023, can drive up to 720 kilometers (447 miles) powered by a 400-volt charging system. Credit: Jiyue Every Wednesday and Friday, TechNode’s Briefing newsletter delivers a roundup of the most important news in China tech, straight to your inbox.
Geely & Baidu JV Jiyue cuts projects due to financial troubles
Dec 12, 2024 · Jiyue, the joint venture between Geely and Chinese search giant Baidu, faces financial troubles. It cuts projects and merges departments as the cumulative sales volume for 11 months of 2024 lies below 14,000 units. The company reportedly has no money to pay social security to employees but denies the bankruptcy rumors.
Geely’s Jiyue EV Brand On The Brink Of Collapse Amid Debt
6 days ago · Chinese electric carmaker Jiyue is on the brink of collapse despite being backed by technology giant Baidu and automotive conglomerate Geely, and it’ll take a miracle to avoid the fate of so many...
Geely-backed EV Brand Jiyue Faces Business Collapse, with …
Dec 12, 2024 · On the afternoon of December 11th, Xia Yiping, the CEO of the Chinese electric car brand Jiyue, sent out an internal message admitting that the company is currently “facing challenges and needs to make immediate adjustments”.
Jiyue Auto’s collapse: Insider reveals how Xia Yiping’s missteps …
Dec 17, 2024 · Jiyue’s downfall comes amid a broader reshuffling of China’s NEV market. But what makes its story particularly instructive is the disparity between its abundant resources and its current state of disbandment. The following interview was conducted by 36Kr with the former Jiyue employee, hereafter referred to by the pseudonym “A.”
Geely and Baidu JV, Jiyue, Seemingly Becomes Latest Chinese EV …
Dec 14, 2024 · In a spectacularly quick demise, Chinese EV brand Jiyue has found itself on life support due to financial issues.
Baidu-backed Chinese EV maker Jiyue to cut operations, payroll to ...
Dec 12, 2024 · Jiyue, a premium electric vehicle (EV) maker backed by Chinese search-engine firm Baidu, will downsize its operations while pursuing fresh capital to withstand vicious competition.
Jiyue reshuffles team as operation faces difficulties
Dec 11, 2024 · Jiyue, formerly known as Jidu, is a joint venture between Geely and Baidu established in March 2021, which at that time was 55 percent owned by Baidu and 45 percent owned by Geely. On August 15, 2023, Geely announced that it was launching a new brand, Jiyue, in conjunction with Baidu.
Geely-Baidu JV brand Jiyue to scale down for survival
Dec 12, 2024 · Jiyue, a Geely-Baidu joint-venture EV brand born in 2021 as Jidu Auto, will scale down its operations and puruse fresh capital amidst brutal competition in China, reports the South China...
Baidu-backed Ji Yue Auto to streamline operations, seeks to raise …
Dec 11, 2024 · Baidu and Geely's carmaking joint venture, Ji Yue said on Wednesday that it would seek to raise new money and carry out some operational adjustments to cope with fierce market competition.
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