Beijing News Shell Finance News (Reporter promises Zhang Bing) On June 30, Qichacha showed that Baidu’s Dazi County Bairuixiang Venture Capital Management Co., Ltd.’s share in Jidu Automobile Co., Ltd. increased from 55%. To 100%, Shanghai Maple Automobile Co., Ltd., an affiliate of Zhejiang Geely Holding Group, withdrew.
However, in response to the confirmation of the Beijing News Shell Finance reporter, both Baidu and Geely said that this is a normal adjustment made by the company based on the needs of business development. The set is still jointly held by Baidu and Geely, and the shares held by both parties remain unchanged.
In response to the fact that Xia Yiping stepped down as the general manager of Jidu and the legal representative was changed from Xia Yiping to Liang Zhixiang, Baidu emphasized in its response that the CEO of Jidu is still Xia Yiping.
As an entity jointly built by Baidu and Geely, Jidu has just released its first concept car ROBO-01 on June 8.
However, insiders noticed that on the day of the press conference, Baidu's official Weibo posted two pieces of content for the collection platform, while Geely's official Weibo did not mention this.
This "cold and hot" performance has also sparked speculation about the difference in the enthusiasm for cooperation between the two.