Early this morning, Jiyue CEO Xia Yiping responded with a lengthy article regarding the rumors about Jiyue and himself. Xia Yiping pointed out, "I did not run away"; he stated, "Manufacturing cars requires a large amount of capital, and I am fortunate to receive support from Baidu, Geely, and the efforts of all Jiyue colleagues. I am too eager to successfully sell Jiyue's two models." He also mentioned that he was overly optimistic in the early stages and did not foresee the importance of funding issues. "The obsession with marketing has taken up too much energy. As CEO, I should have focused my main energy on financing and global strategy planning, but I once personally took charge of the marketing system, which dispersed my attention and led to neglect of other important matters. All these mistakes stem from my lack of experience and limitations in understanding." He said. (Sina Technology)