The Jiyue car suddenly collapsed. This unexpected situation shocked many people. So why? According to the latest media reports,Many people familiar with the matter believe that the main reason for Jiyue's flash collapse was Baidu's divestment.Baidu insiders informed that the company sent its financial team to Jiyue due diligence in October 2024 to prepare for the subsequent investment of 3 billion:"It turned out that Jiyue had a puddle of bad debts, with a financial hole of up to 7 billion, and decided not to invest any more."
In addition, there are related reports that the core of Jiyue Auto's sudden collapse lies in insufficient support from shareholders.Baidu, as the main investor, is not optimistic about Jiyue Auto's prospects of profitability and chooses to stop losses in time;Geely, the largest shareholder, is mainly responsible for providing platforms and technologies and collecting OEM fees. "Jiyue has actually owed a lot of Geely's OEM fees."
Yesterday afternoon, Jiyue Auto CEO Xia Yiping communicated with all employees through video conference, saying that the company is currently encountering difficulties and needs immediate adjustments. The company will enter the 2.0 stage of entrepreneurship, and the management will go all out to tide over the difficulties with all employees.
However, some internal employees said that Entrepreneurship 2.0 is a term packaged by the company. After the video conference, HR will talk to employees about follow-up plans. The specific plan is to choose one of the two.That is to say, employees can either voluntarily receive N+1 resignation compensation, and the payment time is uncertain, or they can stay on without pay..
Xu Jiye, the head of public relations of Jiyue Auto, also responded to some issues that users and netizens are concerned about in the circle of friends. Xu Jiye said that some recent situations in the company haveThe main reason is that I have no money and need to find money to survive. Only by living can there be hope..