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With the impact of the novel coronavirus epidemic, many domestic car companies have fallen into difficulties, and even the largest SAIC Group in China has made salary reduction plans in order to survive. Not to mention that as a more difficult new force in building cars.

Recently, according to Caijing, Boxun Automobile, one of the new car-making companies, has been exposed to require employees to pay their own social security, not only for individuals, but also for the company.

It is understood that this is because Nanjing Bojun New Energy Automobile Co., Ltd. sent an email about the "social security account information" to its employees in mid-January this year, which showed that the employees' social security had to be paid and transferred to the company account on their own, with the company name, account and bank of deposit attached to the email.

In response to the above situation, Boxun new energy vehicles have not made a relevant response. However, insiders revealed that all this is still related to the company's financial difficulties, and even admitted that Boxun new energy vehicles may collapse as a result.

According to data, Boxun Automobile was officially established in 2016, with a registered capital of 138.0458 million yuan, the legal representative Huang Ximing. Compared with many new car-building forces, Boxun Automobile "entered the industry" relatively late, but so far no mass-produced models have been delivered. In fact, it is precisely because the company has been facing the difficulty of capital chain since its inception.

On the eve of last year's Shanghai International Auto Show, Boxun held a brand conference in Shanghai and launched three major electric vehicle platforms, as well as its two intelligent pure electric SUV--iV6 and iV7. According to the company's plan, the iV6 model was taken off the line in June last year, and mass production was delivered at the end of last year, with an overall production plan.

Although there was a plan, Boxun Automobile did not create a qualification. in order to obtain the qualification for car building, Boxun Automobile and Tianjin FAW Xiali jointly established a joint venture company with a total registered capital of 2.54 billion yuan. Among them, FAW Xiali contributed 505 million yuan with assets and liabilities related to the whole vehicle, such as land, plant, equipment, etc., which were evaluated and recorded, with a shareholding ratio of 19.9%. Nanjing Boxun New Energy vehicle contributed 2.034 billion yuan in cash and held a stake of 80.1%.

According to the plan, Boxun Motor is due to pay 1 billion yuan by December 18, 2019. However, as of January 13, 2020, Nanjing Boxun has only paid 14 million yuan in currency to Tianjin Boxun, and other capital injection funds are still in the examination and approval process.

In September of the same year, Beidou Xingtong also issued a "2019 performance notice and goodwill and asset impairment risk reminder", the announcement shows that the expected impairment loss of accounts receivable in 2019 is 51 million yuan, of which Bo County Automobile is tight due to the capital chain. The whole vehicle project is currently in a state of shutdown, and the company's accounts receivable have been overdue since July 2019. Judging from the operating conditions of customers, the possibility of repayment is very small.

In addition, as early as last May, Weibo netizens revealed that Boxun cars were insolvent before mass production, and that factories built everywhere lacked new financing, so they were caught in a storm of wage arrears. However, Bo County denied this and said that some media reports about "former employees complaining about the company's arrears of wages" were not based on facts.

According to data, Boxun Automobile has completed six times of financing. The most recent round was in June last year, which received 2.5 billion yuan invested by Yinsan Capital, Shengshi Investment, Pukou High Investment, etc., while the specific amount of the previous five rounds of financing was not disclosed. However, according to the data, Boxun's operating income in 2017 was only 13.18 million yuan, with a net profit loss of 300 million yuan. As of the end of June 2018, Boxun Automobile assets of 420 million yuan, total liabilities of 440 million yuan, the company has been insolvent. Coupled with the "negative" news in 2019, it is believed that 2019 is not optimistic.

Although Tianjin Bojun Automobile Co., Ltd. was listed by the Ministry of Industry and Information Technology in January this year, meaning that the company has now obtained the production qualification, according to the company's plan, the delivery of the iV6, originally scheduled for mass production in 2019, will be postponed to the first quarter of this year.

However, with the rapid slowdown of the domestic new energy vehicle market and the outbreak of the epidemic at the same time, the entire domestic automobile industry is suffering from a crisis, and then choose to cut wages and lay off staff to "survive." what are the advantages of Bojun cars, which started later than most of the new car-building forces?

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