AutoBeta(AutoBeta.net)06/29 Report--

Most of the car-building new power enterprises that are crazy to burn money have already shut down and faced elimination without mass production, leaving behind a "mess." CCTV revealed that a few years ago, many enterprises with the label of "Internet + Electric" entered the car-building industry one after another. At most, there were nearly 50 new car-building enterprises. At present, only 8 have new car production and sales, and the rest are hovering on the brink of life and death. Recently, many companies have also exposed the problem of arrears of wages, and the factory has shut down.

CCTV financial commentator said, "the once spectacular new power of car building has now entered such an awkward situation, which really makes everyone feel sorry." What the capital is really optimistic about is the new power of building cars, not the new power of making dreams. What's more, it is a wake-up call for these projects that are essentially cheating under the cloak of innovation. "

Baiteng Motor burned up 8.4 billion yuan but still could not build a production car, Sailin's capital chain broke and shut down, Boxun Motors also announced that it would give up building cars, and to make matters worse, the wages owed by these companies to thousands of employees have not been reported.

Baiteng Motor encountered an operating crisis only two years after its establishment, and the company came to a standstill due to financing difficulties. Recently, the Internet exposed that Baiteng employees asked for wages and rights, involving thousands of people and arrears of wages for as long as 4 months, while the Baiteng Nanjing factory withdrew its office rent due to arrears, water and electricity outages. In addition, Baiteng still owes 470 million yuan to FAW Xiali.

Due to financial problems, Baiteng Motor has made a decision to postpone the payment of employees' salaries. According to an internal document issued by Baiteng Motor on April 1, the basic salary of employees in Baiteng China from April to July will be pro rata. The company said that due to the impact of the COVID-19 epidemic on the global economy, the company's external business environment was facing tremendous changes. After discussion by the management, it was decided to implement a temporary employee compensation delay plan to reduce short-term fixed cost expenses for the company and deal with the impact of economic downside risks on the company's operations.

Since its establishment in 2017, Baiteng has conducted four rounds of financing, with a total amount of about 8.4 billion yuan. In response to this matter, Baiteng responded that at present, management and shareholders are actively responding to it, and strive to resolve it properly as soon as possible. As for the company's financial problems, Baiteng revealed that the company is still in the stage of round C financing, and the financing plan has also been delayed due to the impact of the epidemic.

Another car company whose capital chain is broken and employees ask for a collective salary is Jiangsu Sailin Automobile. After a report letter from a former legal employee about "false technical contributions suspected of embezzlement of huge state assets", Jiangsu Sailin was instantly shut down, and Chairman Wang Xiaolin issued an internal letter admitting the company's crisis. in addition, the company's accounts were frozen by suppliers and the company's assets were seized by the court.

In July last year, Jiangsu Sailin spent a lot of money to hold a press conference at the Bird's Nest, but launched the mini electric car "Sailin Maimai", which sold poorly. According to media reports, the production workshops of Jiangsu Sailin's two factories in Rugao have been closed, and hundreds of assembled Miami cars are scattered everywhere in the factory.

It is said that the salaries of Sailin employees have not been paid in May, most of the executives have submitted applications to leave, and the office building in Shanghai will be closed by the end of June.

Wang Xiaolin, chairman of Jiangsu Sailin, said in an internal letter that 3 billion of the company's funds allocated in May as a result of the reported incident had been shelved and that the company would not be able to continue if shareholders could not reach an agreement to resolve the company's working capital. At present, local officials in Nantong, Jiangsu Province have intervened in the investigation and seized some of Sailin's assets.

Boxun Automobile was founded in 2016. As a member of the new car-building force, Bojun Automobile has acquired the qualification of car-building after establishing a joint venture with FAW Xiali. Due to financial problems, Boxun Automobile has announced that it has given up building cars, and from now on, the joint venture with FAW Xiali has also come to a standstill. the company admitted that it had caused actual losses and adverse effects to employees, shareholders, suppliers, local governments and partners.

Some people in the industry said that Sailin and Boxun are not a phenomenon of an enterprise, or even a group of phenomena. When there is not enough money, and there is no core technology and core products, everyone will suffer.

Statistics show that there are nearly 40 new car-building forces across the country, while only eight have sales data this year, and most of the rest are always on the road of financing and face the fate of being eliminated at any time. According to incomplete statistics, in addition to the above-mentioned new power car brands, there are also new power brands, such as Lulai, ideal, Xiaopeng Automobile, Nahan Automobile, Guoji Zhijun, Zero car, Aichi Automobile, Yundu Automobile, New Special Automobile, Future Automobile, Skyline Automobile, Singularity Automobile, Guojin Automobile, Minan Automobile and so on.

Some people in the industry believe that as the car-building industry enters the downturn and knockout stage, the new energy vehicle market is not as expected, and the new power car companies may usher in a year of collapse.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat