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Volkswagen or buy Boxun Motors? Boxun Automobile responded that it had no acquisition talks with Volkswagen Group.

2024-09-17 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)09/04 Report--

Recently, some media said that through exclusive consultation, Volkswagen may buy Boxun cars, and wrote: Boxun auto executives said that Volkswagen recently inspected Bergshire cars. "We are the only new car company that Volkswagen has examined in depth," the executive said. Volkswagen may buy us. If all goes well, there may be good news in the second half of the year. "

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In response, a senior official of Boxun Automobile responded: "I've never heard of it. It's not true." At the same time, some insiders close to the company said that they had just seen the news and "do not know the source of the news".

In response to the report of Volkswagen or the acquisition of Bergshire Motors, Bergshire issued an official statement on September 4, saying it had never contacted Volkswagen Group and denied the news that Volkswagen would buy the company.

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The statement said that Boxun has been in close communication with domestic and foreign investors and is making good progress. It also said that so far, Boxun has never been in contact with Volkswagen Group and has never held talks with Volkswagen Group about the acquisition of Bergshire Motors.

Data show that Boxun Automobile is a new car-building enterprise, which was established on December 13, 2016, with a registered capital of 138 million yuan. In terms of production qualifications, at the end of April this year, Boxun Automobile and FAW Xiali jointly established a joint venture with assets and liabilities to obtain production qualifications.

In June this year, Boxun Motor received a total financing of 2.5 billion yuan, including Yinsan Capital, Shengshi Investment, China Science and Technology Industrial Fund, Sumitomo, Baoshi, Pukou High Investment, Yuanxing Investment and so on.

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It is understood that the first Boxun car iV6 will be officially mass-produced in 2019 and will be delivered in the first quarter of 2020. Compared with other new car-building forces, although there is a certain advantage in capital, the landing speed of the product is obviously slower than that of other cars. We will also continue to pay attention to how this company competes with other companies and products in the future.

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