Reported 2 days ago
Baidu and Geely's electric vehicle joint venture, Ji Yue Auto, is facing unrest from employees demanding payment clarification after announcing a need for fresh funding and project cuts amid fierce market competition. Videos show CEO Xia Yiping being confronted by staff in Shanghai, highlighting broader struggles within the company as it navigates a highly competitive landscape with over 130 EV brands. The venture, founded in 2021, has seen limited sales success and is now exploring operational streamlining strategies.
Source: YAHOO