Jiyue Automobile may be reborn

Jiyue Automobile once faced bankruptcy and liquidation. According to Xu Jiye, the former public relations director, the board of directors of its parent company Jidu has agreed to the restructuring plan and is communicating with several potential restructuring parties. Although Xu Jiye was rumored to have been dismissed for inappropriate remarks, his revelations seem credible, especially the recent name change of Jiyue Company.