Sina Tech reported on the evening of November 24 that rumors claiming “Jiyue Auto’s affiliated company has filed for bankruptcy” have been refuted. Insiders clarified that the company has initiated a pre-reorganization process, aimed at bringing in new investors, rather than entering bankruptcy proceedings.
Information from Tianyancha shows that Shanghai Jidu Automotive Co., Ltd., an affiliate of Jiyue, recorded a new case review filing on November 24. Both the applicant and the respondent are listed as the company itself, with the case handled by the Shanghai No. 3 Intermediate People’s Court. Industry observers note that this filing is consistent with the standard procedure of a pre-reorganization process.
