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Baidu and Geely’s EV Venture Faces Employee Uproar After Revealing Need for Fresh Funding


Photo by FMT
Photo by FMT

Summary


  • Baidu and Geely’s EV venture, Ji Yue Auto, is seeking fresh funds due to market challenges.

  • The company is experiencing unrest among employees and facing a challenging price war.

  • Ji Yue Auto is also streamlining operations and cutting projects to stay afloat.


 

Baidu and Geely’s joint venture, Ji Yue Auto, is in the spotlight after the company announced it would seek fresh funding to cope with its financial difficulties and intense competition in China’s electric vehicle (EV) market. The company is also facing significant unrest among its workforce after employees voiced concerns over unpaid wages and uncertain futures.

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