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Recently, Beijing Chaoyang People's Court disclosed "Xu Mou's Criminal Judgment of First Instance on Bribery" and "Li Mou's Criminal Judgment of First Instance on Bribery." The judgment shows that Xu Mou, as a state functionary, took advantage of his position to seek benefits for others and illegally accepted other people's property together with his family Li Mou, with a huge amount; in order to seek illegitimate benefits, he cooperated with others to give property to state functionaries. His behavior has constituted the crime of accepting bribes and bribery. He was sentenced to seven years in prison and fined 300,000 yuan in the first instance according to law.

After investigation, Defendant Xu was appointed by the Party Committee of Company B (actual office location is Beijing City, Chaoyang District, state-owned holding company) from December 2018 to July 2020 as Assistant Director of Marketing Communication Department of Company B. 1. From 2019 to 2020, among the four projects contracted by Company A for Company B, such as "EX3 Project" and "EU5 Project", Xu took advantage of his position as assistant director of the marketing communication department of the company, and together with his wife, he used Li's ICBC account to receive a facilitation fee of RMB1.43 million from Bai, the actual controller of Company A. 2. From April to August 2019, Xu took advantage of his position as assistant director of marketing communication department of Company E to accept RMB 60,000 in cash from project partner Yang in the "EU, EX" project contracted by Company B. The above is suspected of accepting bribes.

In addition, 1. Defendant Xu Feng sought illegitimate benefits from Company B's "EX3 Project" for Company A in May 2019, and in order to thank Cao, then Minister of Marketing Communication Department of Company B, for his help, he and Bai gave Cao a cash benefit of RMB100, 000. From December 2019 to January 2020, Xu sought illegitimate benefits for Company A and Company B from three projects of Company B, including "EU5 Project" and "EC5 Project". In order to thank Cao, then the head of Marketing Communication Department of Company B, for his help, Xu, together with Bai and Li, gave Cao a cash benefit of RMB400, 000. The above is suspected of accepting bribes.

Beijing City Chaoyang District People's Court a trial judgment, Xu guilty of bribery, sentenced to five years and three months in prison, fined 200,000 yuan; guilty of bribery, sentenced to two years in prison, fined 100,000 yuan, decided to execute seven years in prison, fined 300,000 yuan.

According to the data, Beijing New Energy Automobile Marketing Co., Ltd. is the grandson company of Beiqi Blue Valley New Energy Technology Co., Ltd.(hereinafter referred to as "Beiqi Blue Valley"), while the largest shareholder of Beiqi Blue Valley is Beijing Automobile Group Co., Ltd., and the actual controller is the State-owned Assets Supervision and Administration Commission of Beijing City People's Government. In December 2017, BAIC Group planned to acquire Beijing New Energy-related assets by SST Qianfeng to realize backdoor listing. On September 27,2018, Beiqi Blue Valley was officially listed.

Beijing New Energy Automobile Co., Ltd. was established in 2009. It is the first new energy automobile enterprise with independent operation and the first new energy automobile production qualification in China. It is also one of the earliest automobile enterprises to develop new energy. Under the background of the government's vigorous promotion of the development of new energy vehicles, BAIC New Energy focuses on the pure electric market, relies on state government subsidies, and at the same time backs on Beijing's first-tier cities to take the lead in the layout of the pure electric market, making BAIC New Energy rapidly emerge from the circle and win the sales volume of domestic pure electric vehicles for six consecutive years, of which 158012 vehicles reached the highest sales volume in history in 2018. Under the background of the decline of new energy in 2019, although the sales volume declined by 4.69% year-on-year to 150601 vehicles. However, it is still the top seller in the domestic pure tram market. It should be noted that there are disadvantages in the development of BAIC New Energy. According to the data of 2019, although its sales volume has reached 150,600 vehicles, about 70% of them come from the B-end market, i.e., online booking cars, official cars, taxis, etc. With the increasing saturation of this market and the decline of subsidies for new energy vehicles, the sales volume of BAIC New Energy has declined linearly.

In addition, BAIC Blue Valley cooperated with Huawei to jointly launch αS Huawei HI production version with pre-sale price as high as 38.89- 429,900 yuan, which made BAIC Blue Valley stained with the aura of flow, smoothly "out of the circle" and created the highest stock price of 19.87 yuan in history. However, when the market calmed down, its share price bottomed out again. As of the close of the day, Beiqi Blue Valley closed at 8.96 yuan, according to the highest share price has been cut. For now, the high-end brand Extreme Fox and cooperation with Huawei are still unable to save the performance of continued depressed sales.

Even more serious is that Beiqi Blue Valley faces huge losses. According to the financial report forecast released by Beiqi Blue Valley, it is estimated that the net loss in 2021 will be 4.8 - 5.3 billion yuan, and the net loss deducted will be 5 - 5.5 billion yuan. For the net loss, Beiqi Blue Valley gave three reasons: one is affected by the epidemic situation and raw material supply, the production and sales volume did not meet the expectation; the second is to promote the channel construction and brand construction of Jihu brand in order to realize the high-end transformation of products; the third is independent technical capability, increasing R & D investment.

However, BAIC executives are confident about the future development of BAIC New Energy. At the media communication meeting of BAIC Group in mid-January, Zhang Xiyong, general manager of BAIC Group, revealed to the media the next part of the goals and development focus of the three independent plates of BAIC Group. Zhang Xiyong said that BAIC New Energy's sales target this year is 100,000 vehicles, including 40,000 polar foxes, and it will strive to impact 300,000 vehicles in the future; however, according to the latest sales volume released by BAIC Blue Valley, although it increased by 97.95% year-on-year in January, the sales volume was only 2122 vehicles. According to the target of 100,000 vehicles, the target completion rate in January was only 2%.

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