China's Baidu, Geely say 'huge changes' in EV landscape behind cuts
Beijing (AFP) Dec 13, 2024
Chinese tech titan Baidu and car giant Geely on Friday blamed "huge changes" in the EV industry for sudden staffing and operations cuts at their joint electric auto venture this week. "Due to huge changes in the industry's competitive landscape, the established business plan could not be executed and operations have encountered challenges," the companies said in a joint statement shared to t
Chinese tech titan Baidu and car giant Geely on Friday blamed "huge changes" in the EV industry for sudden staffing and operations cuts at their joint electric auto venture this week. "Due to huge changes in the industry's competitive landscape, the established business plan could not be executed and operations have encountered challenges," the companies said in a joint statement shared to t