Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions 
Eli Lilly and Novo Nordisk Battle for India’s Fast-Growing Obesity Drug Market 
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccine Portfolio 
BlackRock-Backed Global Ports Deal Faces Uncertainty Amid Cosco Demands 
Boeing Wins $2.04B U.S. Air Force Contract for B-52 Engine Replacement Program 
DOJ Reaches Settlement With Blackstone’s LivCor Over Alleged Rent Price-Fixing 
Saks Global Weighs Chapter 11 Bankruptcy Amid Debt Pressures and Luxury Retail Slowdown 
Hyundai Recalls Over 51,000 Vehicles in the U.S. Due to Fire Risk From Trailer Wiring Issue 
Mexico Antitrust Review of Viva Aerobus–Volaris Deal Signals Growth for Airline Sector 
John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training 
Italy Fines Apple €98.6 Million Over App Store Dominance 
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccines Portfolio 
Warner Bros Discovery Weighs Amended Paramount Skydance Bid as Netflix Takeover Battle Intensifies 
Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance 
Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift 
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 
Baidu-Geely electric car company just hired its chief executive officer and as it prepares to launch its first EV in three years time. Earlier this month, Baidu announced that it is looking for executives to fill in key positions in its joint venture with the carmaker, Geely.
The Baidu-Geely EV firm started to hire and bring in directors, senior managers, marketing and public relation officers, and more. They will be working at the company’s offices and plant in Jiangsu, Zhejiang, and Shanghai.
The appointment of new CEO
In an update, Baidu-Geely revealed that it also appointed its new CEO and named Mobike’s co-founder Xia Yiping. Reuters reported that Yiping was also the former chief technology officer of the bike-sharing company. Zhejiang Geely Holding Group and Baidu stated that they have high hopes in their company chief’s capabilities to help drive the business to success.
It was learned that Xia Yiping was formally appointed last week. He was offered the job by the company’s board and agreed to take the position.
“We welcome Mr. Xia Yiping to join Baidu’s new EV firm with Geely and look forward to his contribution to Baidu and the automobile industry,” Baidu spokesperson told Caixin Global. “Mr. Xia Yiping has rich management experience in the fields of smart vehicles and mobility services, and we welcome him to join Baidu’s auto firm and look forward to his contribution to Baidu and the auto industry.”
About Xia Yiping
As mentioned, he was Mobike's co-founder and CTO until the company was sold to Meituan, a food delivery giant, in 2018. Prior to setting up Mobike, Xia Yiping worked for Ford Motor, and he was the leader of Fiat Chrysler’s Asia-Pacific Smart Car Association Division.
He is an honorary graduate and one of the outstanding alumni of the University of Essex in the United Kingdom, where he studied Computer Science and Electronic Engineering. In his country, he greatly contributed to transforming the urban travel and transportation structures. This is why Baidu-Geely is confident that he will fulfill his duties as the CEO and lead the company well to reach its goal.
