Geely-backed EV Brand Jiyue Faces Business Collapse, with Sudden Large-Scale Layoffs and Multi-Debt Defaults
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”. He proposed a series of actions, including merging departments and roles, cutting projects that…
bubmagDecember 12, 2024