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An Affiliate of JiYue Auto Initiates Bankruptcy Proceedings
21 hour ago /
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Author：小编
On April 29, data sourced from Tianyancha indicated that Shanghai Jidu Auto Co., Ltd., an entity affiliated with JiYue Auto, has officially commenced bankruptcy proceedings. Notably, in this legal scenario, the entity functions as both the petitioner and the respondent, with the Shanghai Third Intermediate People's Court overseeing the case. Initially, the company was heralded as a paragon of the new automotive force, a collaborative venture between Geely and Baidu. Nonetheless, following a series of challenges including financial difficulties, pre-reorganization efforts, and the emergence of potential buyers, the company has ultimately embarked on the path of bankruptcy liquidation.
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