It is learned from people familiar with the matter that Jidu Automobile will switch to the red chip structure to prepare for the next step of capital operation. At present, the main body of Jidu Automobile operator has not changed, and the cooperative relationship between Baidu, Inc. and Geely has not changed. On June 28th, industrial and commercial changes took place in Jidu Automobile. Shanghai Huapu Automobile, an affiliated company of Zhejiang Geely holding Group, withdrew, and the shareholding of Baidu, Inc. related company rose to 100%. In response, Baidu, Inc. and Geely successively responded that this is a normal adjustment made by the company based on the needs of business development, and the concentration is still jointly held by Baidu, Inc. and Geely, and the shares held by both sides remain unchanged.