Goldman Sachs to Pay $500M in 1MDB Shareholder Fraud Settlement 
Walmart Stock Falls Despite Strong Q1 Revenue Beat and E-Commerce Growth 
Takeda Hit With $885M Verdict Over Amitiza Generic Drug Delay Scheme 
Samsung Union Confirms 18-Day Strike After Failed Wage Talks 
SpaceX Eyes AI Computing Expansion Ahead of Historic IPO 
Blackstone and Google Launch AI Cloud Venture, Pressuring CoreWeave and Nebius Shares 
SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO 
Japan Airlines Signs 10-Year Boeing 787 Maintenance Deal With GE Aerospace 
H.B. Fuller Eyes Advanced Medical Solutions in Potential £600M Takeover Deal 
Google Expands AI Partnership With Singapore Government 
Lam Research Expands AI-Powered Semiconductor Tools and Arizona Operations 
GameStop Raises eBay Stake to 6.6% as Ryan Cohen Pushes $56 Billion Takeover Bid 
NHS shakeup: if it sounds like we’ve been here before, it’s because we have 
Analog Devices Nears $1.5B Acquisition of AI Chip Firm Empower Semiconductor 
Nvidia Beats Earnings Expectations as AI Demand Drives Record Growth 
Texas Sues Meta Over WhatsApp Encryption Claims 
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.
