Chinese search engine Baidu and hot indian sex videoauto giant Geely on Dec. 13 assured the public that their electric vehicle joint venture Jiyue will take action to pay social security contributions for its employees and offer those that it lays off severance packages. The two companies added that all owners of Jiyue cars would continue to receive regular over-the-air software updates and experience normal service with any repairs and maintenance, according to a joint statement posted on Chinese microblogging platform Weibo. However, the companies gave no sign of investing further into Jiyue, their joint effort that was initially established with the aim of challenging the leadership of Tesla in smart EVs. Multiple Chinese media outlets reported over the weekend that both firms will stop funding the JV, which is facing serious financial problems due to reported mismanagement. Shanghai-based Jiyue on Dec. 11 announced layoffs and the possible delay of debt payments and vehicle deliveries, TechNode reported, while videos went viral the next day showing chief executive Xia Yiping surrounded by dozens of people demanding payment, Reuters reported. [TechNode reporting, Reuters, Baidu’s Weibo statement, in Chinese]
Related Articles
2025-06-26 22:26
1622 views
Best Samsung Frame deal: Free Music Frame with Frame Pro art TV purchase
$399.99 VALUE:As of April 23, buying any of the three sizes of the 2025 Samsung Frame Pro unlocks a
Read More
2025-06-26 21:44
1391 views
'The Last Jedi' is a timely look at how women leaders are mistrusted
From her photos, we already knew Laura Dern's new character in Star Wars: The Last Jedi, Resistance
Read More
2025-06-26 21:35
2179 views
Australia is exploiting working backpackers, according to new study
It's no surprise Australia is a drawcard for workers.The country has one of the highest minimum wage
Read More