Beijing Judian Travel Technology (Judian), a joint venture established by Didi and Li Auto in 2018 to develop customised vehicles for ride-hailing services, faced financial collapse due to rapid changes in the electric vehicle industry and volatility in the mobility services market.
Unable to repay research and manufacturing debts owed to nearly 100 suppliers, Judian filed for bankruptcy liquidation. On 8 February 2023, the Beijing Bankruptcy Court accepted the application and appointed Zhonglun W&D Law Firm as the administrator the following day.
Case summary
Following the appointment, the administrator’s team swiftly assumed control of Judian’s assets, accounts and key documents. They assessed the company’s asset…
