Group 1 - Jidu Technology Co., Ltd. has been listed in the business abnormality directory by the Beijing Economic and Technological Development Zone Market Supervision Administration for failing to disclose its annual report within the stipulated time [1] - This marks the second time in 2023 that Jidu has faced business abnormality, with the first instance occurring in May due to being unreachable at its registered address or business location [1] Group 2 - Jidu Automotive was jointly established by Baidu and Geely Holding Group in March 2021, with Baidu holding a 55% stake and Geely holding 45% [3] - In 2022, Jidu announced the completion of a large financing round to support its future development [3] - In August 2023, Hangzhou Jidu Automotive Technology Co., Ltd. was established, with Geely holding a 65% stake and Baidu holding 35%, making Jidu a brand under Geely Holding Group [3] - The Jidu 01 was officially launched in October 2023, featuring Baidu's Apollo autonomous driving system and Wenxin Yiyan intelligent cockpit, but sales fell short of expectations due to advanced design and high pricing [3] - Despite a lower starting price, the market performance of the Jidu 07, launched in September 2024, remained poor [3] - By December 2024, Jidu faced a cash flow crisis, leading Baidu and Geely to withdraw a planned investment of 7 billion yuan, and the company announced it was entering a "Startup 2.0" phase, effectively in a state of suspension [3] - Employees protested against CEO Xia Yiping regarding unpaid wages and social security issues, while suppliers faced difficulties in collecting debts [3] - In January 2025, leaked chat records indicated that CEO Xia Yiping was forming a Startup 2.0 team, with representatives from various departments attending meetings, and about 500 individuals expressed willingness to be rehired [3]