Li Xiang, the founder and CEO of Li Auto, will no longer serve as independent director of China’s leading navigation company NavInfo, replaced by Wang Xiaochaun, the founder of named search engine Sogou, according to corporate database, Qichacha.
Main productsIntelligent Driving Intelligent Driving L2 Product: L2 Box L2+ Intelligent Driving Products: Low-computing-power domain controllers for integrated driving and parking; high-computing-power domain controllers for integrated driving and parking Integrated dual-domain products: cockpit-parking integration products and cockpit-driving-parking integration products. Intelligent Cockpit Dash Cam: 2G Travel Recorder, 4G Travel Recorder, 4G Video Terminal ADAS Series: ADAS+DMS Smart Vehicle Terminal: Truck Navigation, Segmented Speed Limit Function, Surveillance Camera T-BOX Series: 4G T-BOX, China VI T-BOX Compliant with Fuel/New Energy Vehicle Requirements PCC Predictive Cruise Intelligent Terminal: ADASIS Map, Intelligent Load Algorithm, Dynamic Planning Algorithm Load Sensor: Load Algorithm Vehicle Networking and Big Data Platform Commercial Vehicle Map Service: Intelligent Horizon, Geofencing, Segmented Speed Limit Road Network Map APP Operation Service Intelligent Cloud Map Products, Human-Machine Co-Driving Navigation Products, Data Compliance Closed-Loop Service, Dynamic Traffic Service, High-Precision Positioning Intelligent Chips Automotive AP：E-cockpit SoC, IVI SoC, SoC for DA and High-end LCD Instrument, Telematics SoC MCU
Beijing (Gasgoo)- Li Xiang, the founder and CEO of Li Auto, will no longer serve as independent director of China’s leading navigation company NavInfo, replaced by Wang Xiaochuan, the founder of named search engine Sogou, according to corporate database, Qichacha.
Photo credit: NavInfo
On August 26th, NavInfo issued an announcement regarding Li Xiang’s letter of resignation.
The announcement specified that Li Xiang asked to be removed from the independent director position and the fifth board of directors’ nomination committee due to personal reasons, responsible for nominating members, compensations, and assessing committee members. After his resignation, Li would no longer be a part of the company. Upon the announcement, Li Xiang did not hold any share of the company.
After Li Xiang’s exit, the remaining number of independent directors on NavInfo’s board did not meet the required one-third proportion of board members. Therefore, Li Xiang will continue to perform the independent director’s liabilities under the company protocol while the board searches for his succession.
On December 15th, NavInfo has completed its registration changes, with Li Xiang officially removed from the independent director position and Wang Xiaochuan stepped in. In the meantime, the company’s registered capital was increased from RMB2.269 billion to RMB2.375 billion.
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