Jiyue was initially formed through a joint venture between Baidu and Geely, with Baidu owning 55% and Geely owning 45%.

Missing Funds and Internal Turmoil Push Company Toward Collapse ...

The employees of Chinese electric vehicle maker Jiyue who are being laid off are expected to be paid salaries by Friday with ...

As the auto industry races toward the final stretch of 2024, with less than a month remaining before 2025, JiYue Auto—fresh off unveiling its sports car concept—has suddenly collapsed.

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. Projects that ...

Jiyue Auto, the automotive startup co-founded by Baidu and Geely, is on the brink of collapse. CEO Joe Xia, in a letter to employees dated December 11, admitted the company faces severe challenges ...

The CEO of China's Ji Yue Auto was surrounded by people demanding to know how they would be paid, videos posted online on ...

China’s car market, and particularly its EV sector, has been characterized by intense rivalry that’s spawned price cuts and ...

Chinese tech titan Baidu and car giant Geely on Friday blamed "huge changes" in the EV industry for sudden staffing and operations cuts at their joint electric auto venture this week. "Due to huge ...

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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. Projects that do ...