JIDU, Parent of Jiyue Auto, to Hold Multi-City Creditor Meetings Tomorrow to Advance Pre-Reorganization

Ji Yue Auto's parent company, Shanghai Jidu Automobile Co., Ltd., will hold its first creditors' meeting for pre-reorganization on January 12, 2026. On the same day, its affiliated companies—Jidu Technology (Wuhan), Wuhan Jidu Automotive Services, Beijing Jidu Technology, and Beijing Jidu Automotive Components—will each convene separate out-of-court restructuring creditors' meetings. Previously, on November 21, 2025, Shanghai Jidu’s application for pre-reorganization was accepted by the Shanghai No.3 Intermediate People's Court, with Zhong Lun (Shanghai) Law Firm appointed as the provisional administrator. The company stated that initiating pre-reorganization aims to attract strategic investors, revitalize assets, safeguard after-sales rights for users, and maintain the normal operation of core business activities under supervision.