On November 25, news emerged that Shanghai JIDU Auto Co., Ltd. made an announcement on the same day, stating that it had recently filed an application for pre - reorganization with the Shanghai Third Intermediate People's Court. This application was officially accepted on November 21. The Shanghai Third Intermediate People's Court appointed Zhong Lun Law Firm (Shanghai), a branch of the Beijing - based firm, as the interim administrator to oversee the upcoming pre - reorganization work.
The company's decision to initiate the pre - reorganization process is driven by multiple objectives. It aims to attract strategic investors, breathe new life into its assets and resources, preserve the value of its assets, and safeguard the after - sales rights and interests of its users. Under the guidance and supervision of the interim administrator, the company will ensure the stable operation of its core business and uphold the legitimate rights and interests of its users in strict accordance with the law.
