It is reported that Geely Holding and Baidu-SW (09888.HK) subsidiary Extreme Automobile "Entrepreneurship 2.0", CEO Xia Yiping has held a meeting to form the 2.0 team. All departments, except for legal, have attended, including after-sales, finance, and human resources. Currently, the number of personnel willing to return to work is about 500, but the initial slots are expected to be mostly allocated to after-sales.

It is understood that the working group will officially start signing contracts in the next few days. As for the employees who stay, they need to sign with another company, and the salary and benefits will need to be renegotiated with the new company, which is likely to be lower than before. The meeting also discussed how to avoid funds being frozen and whether to use a regulatory Account, among other topics.