A glimmer of hope now shines for the "revival" of Geely's electric vehicle (EV) brand. Xu Jiye, the former public relations director of Geely's EV brand, has disclosed that Jidu's board of directors has given the green light to a restructuring plan and is currently engaged in negotiations with three to four potential restructuring partners. This revelation first emerged on Xu's personal social media account, where he stated that he obtained this internal information during a visit to Baidu's Science Park. This development could potentially pave the way for Geely's EV brand to emerge from its bankruptcy predicament.
