A deep restoration of the extreme crisis: Baidu and Geely paid several hundred million yuan in aftermath costs. Why has it always been the investors who contribute and bear the costs?

According to a report from Sina Technology by Zhou Wenmeng, the aftermath handling plan for Jiyue employees has finally been arranged. On December 19, a photo of the aftermath plan document for Jiyue employees was leaked. The document shows that Jiyue will provide departing employees with an 'N+1' economic compensation, and social insurance and provident funds will also be paid until December 2024. Additionally, a regulatory co-management Account will be established under the guidance and witness of relevant government departments to pay related expenses, with the funding provided by Baidu and Geely. Sina Technology learned from multiple insiders at Baidu and Jiyue that as of now, the funding paid to Jiyue by investors Baidu and Geely has reached several.

Sina TechnologyDec 20 07:17 ET

Automotive Sector To Remain Robust In 2025 Supported By EV Incentives

Business TodayDec 19 23:59 ET

Financial Associated Press Autos Morning News [December 20th]

① The Passenger Vehicle retail market is expected to be around 2.7 million units in December, an increase of 14.8% year-on-year and a growth of 11.4% compared to the previous month; ② Reporters learned from several informed sources that Chongqing Sokon Industry Group Stock may go for a secondary listing in Hong Kong and will hire China Securities Co., Ltd. and China International Capital Corporation as its listing sponsorship team.

cls.cnDec 19 19:49 ET

Geely Automobile Holdings: Strategic Mergers and Electric Vehicle Expansion Drive Positive Earnings Outlook

TipRanksDec 18 01:15 ET

Geely's 2025 Earnings Outlook Remains Strong -- Market Talk

WSJDec 18 00:04 ET

In November, China sold a total of 6,337 large and medium-sized new energy buses over 7 meters, an increase of more than 80% year-on-year.

Statistics show that in November 2024, there were a total of 6,337 large and medium-sized new energy buses over 7 meters sold in the country, an increase of 9.71% compared to the previous month (5,776 units) and an increase of 80.44% compared to the same month last year (3,512 units).

Zhitong FinanceDec 17 18:06 ET