The Rise and Fall of Jiyue: A Cautionary Tale in EV Startups
A joint venture between Chinese tech giants Geely and Baidu has dramatically collapsed, leaving customers stranded and nearly $1 billion unaccounted for. A Promising Start Gone Wrong The electric vehicle startup launched with impressive backing: Notable Partners: Created through a partnership between automotive giant Geely and tech leader Baidu Initial Products: Launched two models – […]