Jin Rong Jie·2025-07-30 06:28Group 1 - The core point of the news is that Jiyue Auto has initiated a restructuring process and plans to resume OTA updates in the second half of the year, with significant backing from major shareholders Baidu and Geely [1][3] - Jiyue Auto's restructuring has entered a substantive phase, with the board of Jidu Auto approving the relevant resolutions [1] - Baidu and Geely are negotiating details regarding capital injection and management structure adjustments to support Jiyue Auto's revival [1][3] Group 2 - Jiyue Auto faced a financial crisis by the end of 2024, nearly coming to a halt, making its revival crucial for both Baidu and Geely [3] - For Baidu, reviving Jiyue is essential to maintain its market share in the smart automotive sector, especially as its Robotaxi business is still in the testing phase and not yet profitable [3] - For Geely, a successful revival of Jiyue could create a product matrix with Zeekr, helping Geely to break through market bottlenecks in the price range above 300,000 yuan [3]