AutoBeta(AutoBeta.net)08/19 Report--

According to the national enterprise credit information publicity system, Baoneng New Energy Automobile Group Co., Ltd. was listed on the abnormal operation list by the Huangpu District Market Supervision Bureau of Guangzhou because it was "unable to contact through registered domicile or place of business".

According to the data, Baoneng New Energy Automobile Group Co., Ltd. was established in February 2017. its legal representative is Lu Shenglin, with registered capital and paid-in capital of 3.01 billion yuan. The company is jointly owned by Baoneng Holdings (China) Co., Ltd. and Baoneng Automobile Group Co., Ltd., each with a 50% stake.

According to the information of the national enterprise credit information publicity system, this is not the first time that Baoneng New Energy Automobile Group Co., Ltd. has abnormal operation. On July 8 this year, because it "failed to publish the annual report in accordance with the time limit stipulated in Article 8 of the interim regulations on Enterprise Information publicity", it was included in the list of business anomalies by the Market Supervision Bureau of Huangpu District of Guangzhou City, and was removed after supplementary report and publicity. The same thing happened on November 2, 2021, even earlier.

According to the risk information, at present, Baoneng New Energy Automobile Group Co., Ltd. has a number of information about the person to be executed, the order to restrict consumption, the person to be executed in breach of trust and the final case. Among them, on August 5, the company added a piece of information about the person subject to execution, the execution target was 181000 yuan, and the execution court was the people's Court of Huaiyin District of Jinan City. As of the press release, there were 8 cases of execution of the company, with a total amount of 2.2116 million yuan; at the same time, the company also faced 18 cases of breach of trust, with a failure rate of 100%; and 62 cases, with a total amount of 41.9538 million yuan for the subject matter and 41.8373 million yuan for non-performance.

Life is not easy for Baoneng now. It is understood that since Baoneng entered the automobile industry, it has invested 53 billion yuan, but unfortunately, Baoneng Automobile, which has invested heavily in the whole vehicle business, has not received any income at present, and the overall business is almost deadlocked. As early as 2022, Baoneng Group announced in a high profile on its official website that it had laid out seven vehicle manufacturing bases across the country, with a standard production capacity of 930000 vehicles, with a long-term production capacity of 3 million vehicles a year, and estimated production and sales of 300000 vehicles in 2023, and a sprint to achieve the goal of producing and selling more than 1 million vehicles in 2026.

Baoneng has three major passenger car brands: BAO, Quan Zhi and au Poly. Among them, au Polo focuses on the market of small new energy passenger cars and locates small electric vehicles. The A3 is the brand's first model, which was first unveiled in September 2022. The car is 2981/1509/1615mm in length, width and height, 1940mm in wheelbase, positioning A00 class two-door four-seat pure electric model with a price of 40,000 yuan. After listing, it will compete with Wuling Hongguang MINIEV, Geely Panda, Changan Lumin, Chery QQ ice cream and other similar models. According to the 2023 A3 SOP production plan, Baoneng Xi'an plant will plan to achieve the production and sales target of 20,000 units before the end of the year, and gradually put into production in Changshu and Shenzhen factories to achieve full production, but the information about the car in the market is very limited.

As for the independent high-end brand Guanzhi Automobile, it is on the brink of life and death. At present, there are 34 pieces of information about the person subject to execution, and the total amount of execution is 766 million yuan. At the same time, the company also has a number of restrictions on consumption orders, people who break faith, final case information and so on. On July 31, Guanzhi Automobile Co., Ltd. added a new announcement of tax arrears, including property tax, urban land use tax, consumption tax, urban maintenance and construction tax, personal income tax and stamp duty. The tax authority is the Suzhou Taxation Bureau of the State Administration of Taxation. The total amount of tax owed is more than 42.52 million yuan, and the total amount of tax owed at present is 54.07123064 million yuan. In addition, according to foreign investment information, Hangzhou Chengmao Investment Co., Ltd. holds a 63% stake in Guanzhi Automobile Co., Ltd., making it its largest shareholder. On August 1, the enterprise status of Hangzhou Chengmao Investment Co., Ltd. changed from existence to revocation and non-cancellation. In other words, the first shareholder of Qoros has had his business license revoked.

As of today, the last update to Baoneng's official account remains on October 18, 2023, and there has been no update since then. Today's new energy vehicle market is not only a fast-growing market, but also a surplus market. Since 2023, car brands such as Reading cars, Aichi cars, self-travelers and so on have been unable to sustain. In this context, if Baoneng does not seize the time to make substantial changes, the time and space left for it to play will be more limited, or more bluntly, with the intensification of the knockout stages of the new energy vehicle market, the time barrier for Baoneng to be eliminated from the market will also be closer and closer.

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