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Ji Yue

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Chinese manufacturer of electric cars
Hangzhou Ji Yue Automobile Technology Co., Ltd.
Company typeSubsidiary
IndustryAutomotive
FoundedAugust 2023; 1 year ago (2023-08)
HeadquartersHangzhou, Zhejiang, China
Area servedChina
Key peopleJoe Xia (CEO)
Gang Luo (COO)
Frank Wu (CDO)
ProductsAutomobiles
Owner
  • Zhejiang Geely Holding (65%)
  • Baidu (35%)
ParentZhejiang Geely Holding
Chinese name
Simplified Chinese杭州极与越汽车科技有限公司
Hanyu PinyinHángzhōu Jí yǔ yuè Qìchē Kējì Yǒuxiàn Gōngsī
Websitewww.jiyue-auto.com
Footnotes / references

Hangzhou Ji Yue Automobile Technology Co., Ltd., trading as Ji Yue (Chinese: 极越), is a Chinese manufacturer of intelligent electric passenger cars based in Shanghai. It was established in 2023 as a partnership between Geely and Baidu.

History

See also: Jidu Auto

In April 2021, Baidu, a Chinese technology company, announced a partnership with Geely, a major automaker in China. This collaboration resulted in the formation of Jidu Auto, a joint venture headquartered in Shanghai. The venture received a $7.7 billion investment aimed at developing technologically advanced electric vehicles over the next five years, with plans to employ up to 3,000 people, including 500 software engineers. Jidu Auto's vehicles are intended to feature a robotic theme, emphasizing automation and driver-vehicle interaction.

In September 2021, images of a heavily camouflaged prototype surfaced, hinting at Jidu's first production model. A pre-production prototype was presented in June 2022, followed by the official debut of the Jidu Robo-01, a large electric crossover based on a modular platform from Geely, four months later. Pre-sales for the limited-edition model began in October 2022, with mass production slated for 2023, featuring level four semi-autonomous driving. In late 2022, Jidu Auto showcased a prototype for a new model, a luxury sedan, at the Guangzhou Auto Show.

In December 2022, Jidu Auto underwent changes in its shareholder structure and leadership. In the first half of 2023, Ji Yue was formed to circumvent restrictions on car manufacturing qualifications. Jidu Auto now focuses on technology solutions, including product design and AI development, for Ji Yue vehicles. The joint venture ownership shifted to 65% for Geely and 35% for Baidu. The Jidu Robo-01, renamed to Ji Yue 01, was introduced to the Chinese market. In December 2023, the company revealed the production version of the Jidu Robo-02 prototype, named Ji Yue 07, a large luxury sedan set for market release in April 2024.

In December 2024, Jiyue announced a reorganization and downsizing in order to streamline operations and seek additional funding in the face of fierce market competition.

Products

Ji Yue vehicles are manufactured and assembled at Hangzhou Bay in Ningbo, where Geely's headquarter and several Geely plants are located.

References

  1. "Baidu-Backed Jiyue Auto Denies Rumored Big Layoffs, Execs Leaving". www.yicaiglobal.com. Retrieved 2024-12-04.
  2. "EXCLUSIVE Baidu's Jidu Auto to invest $7.7 bln in 'robot' smart cars". Retrieved 2022-12-29.
  3. "Baidu's Jidu Auto to mass produce its 'robot' electric vehicles in 2023". Retrieved 2022-12-29.
  4. "The Baidu car built by Jidu Auto spied in camouflage". Retrieved 2022-12-29.
  5. "A Breakthrough Preview: JIDU Auto Debuts Intelligent Robo-01 Concept Vehicle, Powered by NVIDIA DRIVE Orin". Retrieved 2022-12-30.
  6. "Jidu Robo 1 Lunar Edition Is An Advanced New Chinese EV". Retrieved 2022-12-29.
  7. "Jidu Robo-01 and Robo-02 EVs Are Real At Guangzhou Auto Show". Retrieved 2022-12-30.
  8. "Baidu's Jidu Automobile Has A New Name". Retrieved 2023-08-16.
  9. 马清. "Geely, Baidu unveil new car brand Ji Yue". www.chinadaily.com.cn. Retrieved 2023-08-25.
  10. "百度吉利合作造车"集度"之后添"极越" 二者有何不同？ | 投中网" [Baidu and Geely cooperate to build "Jidu" car and then add "Jiyue". What is the difference between the two? | Touzhong.com]. www.chinaventure.com.cn. Retrieved 2023-08-25.
  11. "Geely, Baidu Hitch Up on New EV Brand - Caixin Global". www.caixinglobal.com. Retrieved 2023-08-25.
  12. "Geely-Baidu JV's all-electric Jiyue 01 SUV unveiled in China, will launch in Q4 2023". Retrieved 2023-08-16.
  13. "Geely Debuts "Jiyue" Brand and Readies Automotive Robot Jiyue 01 Launch". Retrieved 2023-08-16.
  14. "Jiyue 07 backed by Geely & Baidu unveiled at Beijing Auto Show". Retrieved 2024-08-06.
  15. "Baidu-backed Chinese EV maker Jiyue to cut operations, payroll to survive brutal race". Retrieved 2024-12-14.
  16. "Baidu-backed Ji Yue Auto to streamline operations, seeks to raise fresh funds". Retrieved 2024-12-14.
  17. Yang, Yingzhi; Diviggiano, Alessandro (June 8, 2022). "Baidu's electric vehicle firm Jidu unveils first 'robot' car". Reuters.

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