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After a month of silence, Tianjin Bojun once again spread new news, the exposure of new news can be said to make Tianjin Bojun officially enter the countdown.

According to an internal document exposed by the media, due to the financing failure of the controlling shareholder, the company has no possibility of resuming normal operation. Tianjin Boxun shareholders' meeting decided to authorize the management of the company to handle the follow-up management work. During the period from August 1 to October 31, 2020, the company will enter the state of "closure" and will enter the state of "dissolution and liquidation" after the expiration of the "closure" period.

The so-called "closure" refers to the state that Tianjin Boxun actively suspends business activities, and "liquidation" refers to a procedure carried out in order to end the existing legal relationship, deal with the remaining property, and make it extinct, including calculation, verification and so on.

According to the provisions of the employee Placement Plan of Boxun, Tianjin, the salary in August will be paid in accordance with the "factory rest" standard, and in September and October, it will be paid in accordance with the legal minimum wage (the actual payment is not lower than the legal minimum living security).

The program provides two options: first, "internal withdrawal", after signing the internal withdrawal agreement, enjoy the internal refund of wages until the formal retirement; second, "help solve", terminate the labor contract after consultation with the enterprise, and can get financial compensation.

In the internal withdrawal program, qualified employees of Tianjin Boxun (male 50 years old, female over 40 years old) will receive an additional one-time grant of 10000 yuan in August, 5000 yuan in September and no subsidy in October. The actual guaranteed salary is 980 yuan / month.

In the assistance program, employees who are more than one year away from the legal retirement age on August 1 can also receive an one-time subsidy, including 10000 yuan in August, 5000 yuan in September, and no subsidy in October. In addition, the previous arrears of social security, provident fund, enterprise annuity, loans, etc., will be repaid, reissued, and returned, and the "resettlement program" will be terminated at the end of the period of closure.

No one would have thought that Tianjin Boxun officially built a car less than a year ago, unexpectedly ended up understanding the situation of liquidation.

Founded in 2016, Boxun Automobile, formerly known as American Advanced vehicle Technology Co., Ltd. And Shanghai Sizhi Automotive Engineering Technology Co., Ltd., is engaged in chassis design and vehicle performance development services. As a member of independent new forces to build cars, after joining the manufacturing of new energy vehicles and the establishment of Boxun cars, Boxun signed an agreement with FAW Xiali in September 2019 to formally establish a joint venture "Tianjin Boxun Automobile Co., Ltd.", FAW Xiali achieved mixed reform, Boxun Automobile also has the qualification to build cars.

I thought Boxun car would reach its peak after obtaining the production qualification, but there was frequent negative news because of capital, financing difficulties and other problems.

In 2020, the operation problems of Boxun Automobile and Tianjin Boxun, a joint venture company, gradually highlighted, the business of the company came to a standstill, and employees' salary and rights protection incidents occurred frequently. According to media reports, the factory inside the FAW Xiali plant is still at a standstill and has not been put into production since its establishment. Due to the delay in construction, employees in Bo County in Tianjin have only been paid twice, namely in December last year and April this year, and the wages owed in the rest of the month have not yet been paid. In June this year, Bo County issued a human resources notice, saying that the company is waiting for work from now on because of financial problems. At present, Bo County employees are asking for arrears of wages and decided to apply for labor arbitration, and the Shanghai office of Bo County Automobile has been empty.

With the official implementation of Boxun Automobile staff waiting for duty, Tianjin Boxun has undoubtedly fallen into operational difficulties, and this time it was exposed that "dissolution and liquidation" was actually expected.

It is understood that Boxun Automobile has planned two pure electric models, iV6 and iV7, which were originally planned to be produced by the joint venture company Boxun in Tianjin. at present, Boxun in Tianjin is about to enter the "dissolution and liquidation" process, and it is unlikely that the two mass production models will be put on the market. However, the resettlement plan also pointed out that Tianjin Boxun will continue to discuss cooperation with prospective investors during the closure period, which means there is still a chance of survival.

The problem of capital will become a dilemma faced by many car companies. As the market is not as expected, new power brands are facing a reshuffle, and it may eventually become a thing of the past if they fail to go public in mass production.

Industry insiders pointed out that "the once spectacular new forces of car building have 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. "

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