AutoBeta(AutoBeta.net)08/22 Report--

Every time the tuyere comes, it will inevitably attract a large number of followers, among which there may be subverters, but more of them will become the runners of this era, and Junyao Group would prefer to become the former.

Recently, internal letters circulated on the Internet show that Junyao Group will set up a new energy automobile industry fund, hoping to start a future-oriented company in the new energy automobile industry, and name the car brand "auspicious Automobile".

Junyao Group did not publicly respond to the contents of the internal letter posted online.

Data show that Junyao Group was founded in July 1991 and has now formed five major business sectors: air transport, financial services, modern consumption, educational services, and scientific and technological innovation. It has four listed companies: auspicious Airlines, Aijian Group, Great Oriental and Junyao Health. Of course, although the business is extensive, it has to be admitted that Junyao Group is not as good as its competitors in all major areas.

At present, there is no news about "auspicious cars", but Junyao Group has made relevant actions in the new energy vehicle industry. Not long ago, Junyao Group officially bought a stake in Yundu New Energy. Data show that Yundu Automobile is respectively owned by Zhuhai Yucheng Investment Center (limited partnership), Putian State-owned assets Investment Group Co., Ltd., and Fujian leading Industry Equity Investment Fund Partnership (limited partnership). Among them, Zhuhai Yucheng Investment Center (limited partnership), with Junyao Group as the main shareholder, has become the largest shareholder of Yundu Automobile with 85% shareholding. Obviously, Junyao Group has taken a fancy to the production and sales qualification of Yundu Automobile.

Data show that Yundu New Energy vehicle Co., Ltd. was established on December 4, 2015. Fujian Automotive Industry Group Co., Ltd., Putian State-owned assets Investment Co., Ltd., management team (individual shareholders), Fujian Haiyuan Automation Machinery Co., Ltd. jointly contributed 900 million yuan to establish a mixed ownership new energy vehicle production enterprise.

With the identity of the "national team", Yundu Automobile obtained the new energy vehicle production license issued by the National Development and Reform Commission in January 2017, becoming the tenth domestic enterprise to obtain the qualification for the production of new pure electric vehicles. and became the second new energy passenger vehicle manufacturer approved by the Ministry of Industry and Information Technology.

While other new forces are still soliciting sponsorship through "PPT", Yundu Automobile has completed the process of "research and development, delivery and after-sale". In February 2017, Yundu launched the Yundu new energy vehicle brand; in October 2017, the first model, Yundu π 1, went on sale at a price of 13.89 yuan to 197500 yuan; and in March 2018, Yundu π 3 officially went on sale at a price of 17.08 yuan to 186800 yuan. Statistics show that the first model, Yundu π 1, sold 7343 vehicles in 2018, and this report card was definitely a leader in the new field of car building at that time.

Unfortunately, due to the lack of stamina, with the rise of mainstream electric cars, Yundu Motors' products do not have obvious competitive advantages in terms of service life, sports and configuration, coupled with the singleness of the products. Yundu's brilliance is as short-lived as a flash in the pan. In 2019, Yundu Motor has fallen into difficulties such as frequent turnover of workers and compulsory leave of employees. In response, Yundu Automobile responded: "the enterprise is in a normal state of operation."

In August 2020, Yundu held a grand strategy conference. Yundu Motors said it plans to become one of the top three domestic pure electric car brands in 2025. Although Yundu Motor has a state-owned background, it seems it is difficult to go bankrupt and delisted, and it also hopes to achieve brand promotion through a new strategic layout, but Yundu Automobile no longer has a sense of existence in the market, and its market influence is in vain. Only by shouting slogans to encourage yourself. At present, the five-year goal has become empty talk, even whether I can survive the "cold winter" of new energy vehicles. Data show that as of March 31, 2022, Yundu Automobile has total assets of 1.652 billion yuan, total liabilities of 1.682 billion yuan and net assets of-30.7964 million yuan, which is insolvent.

Today, Yundu Motor, which is in deep trouble, has ushered in Junyao Group. It is understood that after Junyao Group took control of Yundu Automobile, it began to promote the resumption of production and work. On July 26th, the first new model π 1 LITE after the resumption of production of Yundu Automobile went offline, and a number of leaders from Putian City went to the final assembly workshop of Yundu New Energy vehicle to witness the launch of the new model.

As for whether Junyao Group can save Yundu Automobile, or make a difference in the new energy vehicle market, it is uncertain at present. First of all, the capital system of Junyao Group is not large, and it is frequently exposed that the asset-liability ratio is high and the debt pressure persists. Even enterprises like Evergrande, which want to rely on strong capital to cross the border, end up in trouble because of capital problems.

Whether it is Junyao Health, which is highly expected, or auspicious Airlines, which has been tested, or Aijian Group, which is no longer high-light, under the influence of the epidemic in recent years, they are all under varying degrees of operational pressure, thus facing the pains of industry transformation. So for Junyao Group, building a car is not only a good choice, but also a difficult road.

The racing track of new energy vehicles is becoming more and more crowded, and the competition is becoming more intense. As Wang Chuanfu said, the new energy car market is a market where "fast fish eat slow fish". If newcomers do not have absolute strength, it will not only be very difficult to catch up with the dividends of the new energy vehicle era, but also likely to be dragged down by building cars. in the end, we can only find a "knight in white."

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