Sina Technology reported on the afternoon of December 14 that following a joint statement from Geely and Baidu regarding Extreme Autos, which stated that they would actively assist the management of Jidu in properly handling related matters, today, a mid-level employee from Extreme Autos revealed more issues about CEO Xia Yiping's daily management of the company during an interview with a distant light.
According to the employee, not long ago, Xia Yiping hosted many hot pot gatherings, inviting car owners to enjoy hot pot, with each event costing over 0.5 million yuan. As a Venture, expenditures should be strictly controlled, but the reality is that the procurement from suppliers lacks compliance and internal audit oversight.
It was revealed that Xia Yiping has a dedicated team for his personal CEO account, using company resources to create the account and spending a lot of money. One live stream promoting Extreme Autos' visual capabilities during an autonomous driving floating bridge test cost seven to eight million yuan. Moreover, when it comes to suppliers' email approvals, Xia Yiping never asks about quality but only inquires about where the supplier comes from.