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Recently, an online article entitled "another new energy car company has gone bankrupt" was widely circulated in several WeChat groups, which roughly read: "Li Yinan made a decision, the company closed down, the personnel were demobilized, and each ministry retained only individual personnel to deal with 'aftercare'. The severance plan is still being worked out and will be formally implemented within a week or two.

At present, Mahayana is located in the Jintan production base of Changzhou City, and it is the only new car production place for self-travelers. A number of self-tour employees from the Changzhou production base revealed to the Automobile Home, "We have begun to go through the departure procedures in batches. At present, they are mainly the employees of the production base, and the company plans to withdraw them all."... It is worth mentioning that in May this year, Li Yinan was asked how to go down the road of building a car. "at least we have to leave the last sum of money to pay severance payment to meet the requirements of national laws and regulations," Li said in May.

However, for the online news, from the traveler's side replied to the false news.

Data show that Mahayana was founded in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd. It is worth mentioning that Wu Xiao, chairman of Maisheng Motors, is the son of Wu Jianzhong, chairman of original Zhongtai Motors. Jiangxi Daisheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Daiyin Motor), located in Fuzhou City, Jiangxi Province, was established one year after Wu Xiao took over Taicheng Motors and participated in the restructuring of Jiangxi Jiangling Group Light Automobile Co., Ltd. (hereinafter referred to as Jiangling Light Automobile).

In May 2017, Daisheng signed a restructuring agreement with Jiangling Light Motor, with a shareholding of about 49.47%, making it the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Daisheng Automobile Co., Ltd.", and Mahayana's shareholding increased to 67%. As a result, Mahayana gained the production qualification of Jiangling Light Automobile. In September 2018, Daisheng held a brand conference in Beijing to announce its official entry into the auto industry.

However, in less than two years, Mahayana was in a desperate situation, leaving a mess and a lot of debt. It is understood that after Mahayana took over the Jintan factory of Yuanzhongtai Automobile, it has two major production bases in Fuzhou, Jiangxi and Jintan, Jiangsu, and has the production qualifications for passenger cars, commercial vehicles and new energy vehicles. However, after the implementation of the sixth national emission standards, Mahayana products began to fall into the crisis of shutdown because they failed to meet the relevant technical standards. Since 2020, Mahayana has been exposed one after another that employees are in arrears.

It is understood that the Mahayana Fuzhou factory has been taken over by the bankruptcy liquidation team of Fuzhou High-tech Zone, and later became a BYD production base, which is still under construction, while the Changzhou factory has been taken over by Niu Innovation Energy by way of lease. become the production base of the self-traveler brand.

According to the data, the Niu Innovation Energy (NIUTRON) car project was established in November 2018, the brand is headquartered in Beijing, the R & D center is set up in Shanghai, and the R & D and intelligent manufacturing base is located in Changzhou. In December 2020, Jiangsu Niu Innovation Energy Technology Co., Ltd. completed registration with a registered capital of US $50 million. The company is a wholly foreign-owned enterprise wholly owned by a legal person from Taiwan, Hong Kong and Macao. In August 2021, the address of Niu Innovation Energy was changed to Jintan District, Changzhou City, and the registered capital increased by US $400 million from US $50 million. In December 2021, Niu Innovation Energy officially launched its new automobile brand "NIUTRON" and announced its Chinese name "self-Travel Home". In October 2022, the first mass-produced car from the traveler NV officially listed, the price is 27.88-318800 yuan, positioning medium and large SUV, providing pure electricity and add program power for consumers to choose from. On the same day, Jiangsu Niu Innovation Energy Technology Co., Ltd. changed its name to Jiangsu Mars Stone Technology Co., Ltd.

However, during the visit, the reporter found that the NV displayed in the offline retail center was different from the official map of the NV released in January. in addition to retaining the "NIUTRON" in the offline retail center, the word "Mahayana car" was added on the left side of the tail, while the "NV" logo on the right only left the word "NV". According to informed sources, self-travelers and Mahayana cars have negotiated the debt issue of Mahayana cars many times, but many games have not solved the debt problem, which is the main reason why some of the exhibition cars in offline stores are "self-tour NV" and some are "Mahayana NV".

In fact, it is not uncommon for domestic car-building new forces to choose to cooperate with traditional car companies due to lack of production qualifications, such as JAC OEM NIO, Haima OEM Xiaopeng and so on. At present, the tail label of its products is still "Jianghuai Automobile". However, Martian said its relationship with Mahayana is more like "Huawei and Selis" than "contract manufacturing". Li Yinan also said publicly that the self-traveler is a brand-new brand created by the deep cooperation between Martian and Mahayana.

It should be noted that according to the official website of the Jiangsu Provincial Department of Ecological Environment, Jintan Branch of Jiangxi Dacheng Automobile Co., Ltd. filed a "project with an annual production of 50,000 pure electric passenger cars" in 2019, in which the word "added program" was not seen, which may mean that the production of NV added models still needs to run through the relevant approval process, and all of the above operations will take time.

Now that Martian and Mahayana's debt problems have not yet been resolved, and NV, a free traveler, has been listed and booked by users, the top priority is to find a factory with production qualifications to produce the car. According to sources, Li Yinan is discussing the issue of "generation" with Shandong Guojin Automobile.

Data show that Shandong Guojin Automobile Manufacturing Co., Ltd. was established in January 2016, is a subsidiary invested by Shandong Guojin Group in Zibo High-tech Zone, and the actual control is the Finance Bureau of Zibo High-tech Industrial Development Zone. It has the production qualification of new energy vehicles and mainly produces miniature and compact electric vehicles. Since 2020, Guojin automobile production and operation has been in trouble, and it has once owed employees' wages, social security and supplier payments because of operational difficulties.

Continue to add new energy vehicles, and self-travelers want to survive in the red sea of new energy vehicles, mass production is only the first hurdle to test new power car companies. Li Yinan once said in an interview, "I haven't even built a car, and I haven't been on stage yet. I can't answer the question of whether I can live or not." Indeed, after all, the difficulty and threshold of building a car has not been reduced because he has been successful in starting a business several times.

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