JI YUE

Ji Yue CEO Xia Yiping: Company Not Bankrupt, After-Sales Services for Vehicles Uninterrupted, Shareholders to Bear Employee Departure Compensation

On December 12th, according to a report from the Science and Technology Innovation Board Daily, Ji Yue CEO Xia Yiping stated in an internal meeting that the company's accounts have been frozen. Although he is not the primary responsible person for the enterprise, he will do his best to resolve the social security issues for Beijing employees before 1 AM tomorrow, and for Shanghai employees, the issue will be addressed before the 27th. The specific operations still need to be discussed with the board of directors.

Xia Yiping indicated that shareholders are willing to take on the compensation for employees' departure, but the detailed plan needs further discussion with shareholders and the HR department. He is actively seeking financing, emphasizing that the company has not ceased operations or gone bankrupt, and the warranty and software services for vehicles will not be interrupted.

ChinaAutoInfo

Today, a video posted online showed Ji Yue CEO Xia Yiping surrounded by employees at the company. An employee shouted at Xia Yiping, demanding he use his savings to pay for employees' social security. An employee on site stated that the interruption of social security affects many people and urged him to stop making empty promises. Xia Yiping responded by acknowledging everyone's anger, expressing gratitude for their long-term commitment, and stating that these issues are being resolved and that he is communicating with everyone; he would not have come if he intended to evade the situation.

JI YUE

Hangzhou Ji Yue Automobile Technology Co., Ltd., trading as Ji Yue (Chinese: 极越), is a Chinese manufacturer of intelligent electric passenger cars based in Shanghai. It was established in 2023 as a partnership between Geely and Baidu.

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