Jidu Motor Company changed its name to "Power Aviation Motor", and the official response said it was the need of business development.
Thank CTOnews.com netizens for the clue delivery that they want to laugh at! CTOnews.com, December 7, according to the Observer Network, a few days ago, Jidu Automobile Co., Ltd. changed its industrial and commercial name to "Shanghai Power Aviation Automobile Co., Ltd.".
Jidu Automobile was founded in March 2021 with a registered capital of 2 billion yuan and the legal representative is Liang Zhixiang. At present, it is wholly owned by Dazi County Bairuixiang Venture Capital Management Co., Ltd., which is a wholly-owned subsidiary of Beijing Baidu Netcom Technology Co., Ltd., and the actual controller is Yanhong Li.
In addition, intellectual property information shows that Baidu online Network Technology (Beijing) Co., Ltd. has successfully registered a number of "Power Hang" trademarks in 2021, and the international classification includes means of transport, machinery and equipment, scientific instruments, fuel oil, transportation and storage, etc.
In this regard, the set side responded that this is a normal adjustment made by the company based on the needs of business development. Ji du is still jointly owned by Baidu and Geely, the shares held by both sides remain unchanged, and Ji du CEO is Xia Yiping. It is reported that Power Aviation does not hold any trademark of Jidu, and the main body of Jidu is Shanghai Jidu Automobile Co., Ltd. The company was founded in November 2021, the legal representative is Xia Yiping, with a registered capital of US $300 million, and is 100% owned by Jidu Automobile (Hong Kong) Co., Ltd. In January 2022, Ji du announced that it had completed nearly US $400 million in round A financing, which was jointly increased by Baidu and Geely.
Jidu Automobile, a joint venture between Baidu and Geely, made industrial and commercial changes in June, and Shanghai Huapu Automobile Co., Ltd., which is controlled by Geely, withdrew from the list of shareholders. The legal representative of the company was changed from Xia Yiping, CEO of Jidu Automobile (CEO) to Liang Zhixiang. At the same time, Xia Yiping stepped down as director and general manager, and an Conghui, chairman of Geely Motor, also stepped down as a director of Jidu Automobile.
In response to this, Jidu Automobile said that the industrial and commercial change is a normal adjustment based on the needs of business development. Jidu is still jointly owned by Baidu and Geely, the shares held by both sides remain unchanged, and Jidu CEO is still Xia Yiping.
CTOnews.com learned that in October this year, the limited version of ROBO-01, the first model of Jidu, was officially unveiled at a price of 399800 yuan, and delivery of the new car is expected to begin in 2023. The model is positioned as a medium and large SUV, based on Baidu Apollo autopilot capability, uses vision + dual lidar autopilot solution, and is still manufactured by Geely Motor.
Previously, it was reported that Jidu Automobile's first brand experience store failed to open as scheduled due to substandard design and decoration construction. In the internal letter, Jidu Automobile said that in the initial design process, the team did not have an accurate understanding of the store construction challenges, inaccurate understanding of delivery quality standards, and inadequate preparation in advance, and failed to achieve early detection and early treatment in the actual decoration and landing process. It is understood that according to the previous plan, the first experience store of the Jidu brand should open in Shanghai on November 15 this year, and plans to enter 46 cities and complete the layout of 100 sales networks in 2023.
