AutoBeta(AutoBeta.net)06/18 Report--

According to relevant media reports, on June 10, 2019, Zhidou Electric vehicle Co., Ltd., which was once a "bellwether" of small new energy vehicles, was declared a breach of promise by the relevant departments because it failed to pay the payment (more than 200 million yuan) and related interest. It is understood that the actual situation of Zhidou Company is to "have the ability to perform but refuse to perform the obligations determined by the effective legal documents, conceal property to evade enforcement", and the case was filed on January 7, 2019. It means that Zhidou Electric car Company has become a legendary "scoundrel" because it has the ability to pay for the goods but procrastinate not to do so.

At present, the actual control of Zhidou Automobile is founder Bao Wenguang, major shareholder Xin Dayang Mechanical and Electrical Group Co., Ltd. holds 31.45%, second shareholder Geely Group (Ningbo) Co., Ltd. holds 26.44%, and the ultimate beneficiaries are Bao Wenguang and Li Shufu.

We can find from its relevant publicity that so far, there are 29 pieces of information about the person subject to execution of Zhidou Electric vehicle, all of which occurred after September 2018, and the information of the person subject to execution since 2019 has occupied 26 of them. In just a few months from October 18 to March 19, Zhidou Motors had a number of equity freezes with a total amount of 1.32 billion yuan. In addition, it can also be found from the public ruling documents of local courts that Zhidou Motor is involved in a number of "contract disputes, loan disputes and labor arbitration disputes", and Zhidou Motor is the defendant in the above cases. There has been a lot of negative news such as "layoffs in disguise" and "facing closure".

Zhi Dou Automobile is a new energy brand under New Dayang Mechanical and Electrical Group, which was established in 2006, when China's new energy industrialization was still in its infancy. With the "upsurge" of promoting the development of new energy vehicles in China, the price of Zhidou car is only 30,000 to 50,000 yuan after subsidy, which is called "occupation artifact" by users in the majority of license-limited cities. Its dealers also took the lead in carrying out the sales model of "leasing instead of purchasing", and then cooperated with the major car-sharing platforms. However, in 2018, due to the new energy vehicle subsidy policy raised the subsidy threshold and the decline of its own production capacity and other reasons, Zhidou car sales fell off a cliff, and monthly sales once fell to 10 vehicles. But what is interesting is that on January 21, 2019, Zhidou Automobile signed an agreement with Nanjing Pukou Economic Development Zone with a total investment of 12 billion yuan to carry out the project of "Zhidou Electric vehicle Co., Ltd. Annual production base of 200000 new energy vehicles", which was settled in Nanjing. the construction period and production time of the project have not been announced yet.

Now it seems that Zhidou Motors has obviously missed the best period of product transformation. Bao Wenguang, founder of Zhidou Motors, once said: "the process of starting a business is like walking into the desert, and you almost died in the desert several times." now the tide of new energy subsidies has receded. As the domestic electric car "veteran" Zhidou, has been "skinny dipping"?

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