Extreme Motors, a renowned Chinese startup, has made significant strides in its entrepreneurial venture. CEO Xia Yiping recently issued an internal statement declaring that the company has entered its 2.0 phase. In this new chapter, Xia emphasized the importance of focusing on core technologies, streamlining administrative processes, and cutting back on non-essential projects.
However, contrary to rumors of mass layoffs, the company is confident in its ability to thrive. On the contrary, it has specified tangible objectives, set out execution plans, and secured the necessary resources. The development has already gained the backing of the company's shareholders. Despite the claims, even social media accounts associated with the company have been the subject of derision.