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  The restructuring plan of Baiteng Automobile has been approved, and the departure of the founders will be dominated by the "new company".

  Baiteng Motor, a new power car company, has suffered a "shutdown" since the middle of this year due to capital and operational problems, and other businesses have been suspended except for keeping a small number of jobs running. But with the recent news of Baiteng cars, the company seems to have hope again.

  Baiteng car 2020-10-14
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  Foxconn's cooperation with Baiteng's electric vehicles has been suspended, and Baiteng is in a worrying situation.

  Recently, according to foreign media reports, the cooperation project between Foxconn and Baiteng has been shelved, mainly due to the deteriorating financial situation of Baiteng. According to foreign media quoted several people familiar with the project said that the project has not been officially terminated, the number of Foxconn employees in the Baiteng plant is very small, are preparing for the final termination of the project. Some of the senior people involved in the project have left Foxconn. As of press time, neither Foxconn nor Baiteng could be reached for comment. In January this year, Baiteng signed a strategic cooperation framework agreement with Foxconn Technology Group and Nanjing Economic and technological Development Zone, and the three parties will work together to promote the mass production of Baiteng new energy products.

  Foxconn 2021-09-16
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  New progress in Foxconn car building, entry declaration "Let Baiteng win"

  For the new car-building forces, 2020 is undoubtedly a year for big waves to clean up the sand. Many new car-building brands, such as Sailin, Future, Boxun and so on, have fallen into operational difficulties, and even the Baitang car, which was once regarded by the outside world as "the most likely to be successful", has run out of funds and has come to a standstill. CCTV commented that "burning up 8.4 billion yuan can not produce mass-produced cars." However, there has been a lot of news about Baiteng recently, and its difficult survival situation may be alleviated. On December 31, 2020, Baiteng just sent a notice of suspension of production in China to its employees, informing all companies in China (excluding Hong Kong) that they still do not have.

  Baiteng car 2021-01-23
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  It is exposed that the reason for Bi Fukang's departure is that all expenses of Baiteng shall be approved by FAW.

  According to the US technology media "The Verge", Bi Fukang, the current CEO of FF and former chairman of Baiteng, revealed the "underlying reasons" for resigning as chairman of Baiteng at a media event held at FF's headquarters in Los Angeles. Bi Fukang, known as the father of BMW i8, started his own business after BMW resigned. In 2016, Bi Fukang joined FMC, a new car company, along with Dai Lei, who also worked at BMW. At that time, Foxconn and Tencent were investors in FMC. However, due to various reasons, Tencent and Foxconn withdrew one after another, Bifukang and Dai Lei had no choice.

  Bi Fukang leaving Baiteng FAW 2019-09-23
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  The promise of Baiteng car failed, and the progress of mass production was delayed by half a year.

  At this year's Frankfurt Motor Show, Baiteng brought a mass production and stereotyped version of the M-Byte, with the new car positioned as a pure electric medium-sized SUV. Equipped with a 48-inch shared full screen, the maximum battery life of the NEDC is 550km, and the battery time is 35 minutes from 0 to 80% in the case of fast charge. At the same time, Baiteng also announced that Baiteng M-Byte will begin mass production in mid-2020, then first delivered to Chinese consumers, and is expected to accept bookings from Europe and North America in 2020, and officially enter the European and American markets in 2021. This means that Baiteng M-Byte is better than the original mass production at the end of 2019.

  Car Baiteng mass production 2019-09-15
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  After burning up 8.4 billion of the production cars, another car company was filed for bankruptcy reorganization.

  According to Tianyan investigation, Baiteng Automobile affiliated company Nanjing Zhixing New Energy Automobile Technology Development Co., Ltd. added bankruptcy reorganization information on July 12, case number (2021) Su 0113 Breaking Shen 26, the applicant is Shanghai Huaxun Network system Co., Ltd. According to Sky Eye check risk information, the company currently has a total of 23 information about the person subject to execution and 13 pieces of untrustworthy information. In response, the person in charge of Baiteng Automobile responded to the media: "at present, some creditors have filed a lawsuit to the court and filed for bankruptcy, the court has not formally accepted the bankruptcy application, Baiteng is actively responding and seeking settlement." According to public information, bye.

  Baiteng car 2021-07-13
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  Bi Fukang Weibo responded to the Baiteng dispute and thanked FAW for its support.

  A few days ago, according to the US technology media "The Verge", Bi Fukang, the current CEO of FF and the former chairman of Baiteng, revealed the "underlying reason" for resigning as chairman of FF at a media event held at the headquarters of FF in Los Angeles: FAW of China intervened too much as an investor in Baiteng. According to media reports at the time, Bi Fukang said he felt that FAW was driving Baitang to shut down completely, so that it could retain its factory in Nanjing and Baiteng's electric car technology. Bi Fukang also said that all expenses of Baiteng had to be approved by FAW, so many of Baiteng's engineer team left the company. One.

  Bi Fukang responded to the Baiteng dispute on Weibo thanking FAW for its support 2019-09-26
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  Baiteng issued an independent operation announcement, saying that "FAW's excessive intervention" was groundless.

  A few days ago, some media reported that Bi Fukang, the former Baiteng CEO, first exposed the reasons for leaving the company, saying that it had imposed excessive "control" after investing in the company because of excessive intervention by FAW Group. With regard to the news reported by the media, Baitang officially released today the "explanation on the recent foreign media reports on the independent operation of Baitang", which said that FAW respected the internal corporate governance of Baiteng and fully supported its independent operation. Relevant foreign media reports mentioned that "FAW Group pays homage to each other."

  Baiteng issued the announcement of independent operation right. 2019-09-25
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  The arrears of wages were exposed by employees for many months, and Baiteng Motor admitted the financial problem.

  Baiteng Motor responded that management and shareholders are actively responding to it and strive for a proper solution as soon as possible. As for the company's financial problems, Baiteng revealed that the company is still in the stage of round C financing, and the financing plan has also been delayed due to the impact of the epidemic.

  Baiteng car 2020-06-23
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  Baiteng Motor "came alive", registering a new company to raise 2 billion to accelerate mass production of M-Byte.

  Due to capital and operational problems, independent car company Baiteng announced in June this year that all staff were waiting for work and production was suspended. CCTV commented at the time that "burning up 8.4 billion yuan could not produce a mass production car." Now, mass production of the Baiteng M-Byte seems promising again. A few days ago, some media reported that Baiteng Motor has applied to register a new technology company, the name of the new company is "Shengteng", as soon as the end of August to obtain a legal person business license. The new company plans to raise 2 billion yuan to accelerate mass production of M-Byte. At present, FAW Group and other shares of Oriental are actively promoting this financing. Sources revealed that Baiteng is in accordance with FAW Group today.

  Baiteng car 2020-08-25
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  The net exposed that Baiteng car once again overpaid the debt, and the production qualification was still unable to land.

  In September last year, Baiteng Automobile plans to buy FAW Wali's passenger car production qualification for 1 yuan, and will be saddled with FAW Wali's high debt of not less than 800 million yuan. A few days ago, some shareholders asked on the relevant platform whether the FAW Xiali Baiteng car funds were paid as scheduled, but FAW Xiali Dong Mi revealed in response to the questions raised by the shareholders that part of the money returned by Nanjing Zhixing (that is, Baiteng parent company) on behalf of Huali had not yet been received. It means that Baiteng has not yet been qualified to build a car. Subsequently, the media revealed that Baiteng made a reply to the matter: "on payment-related matters, Baiteng has always maintained active communication with FAW Xiali, and carried out this."

  The net exposed that Baiteng Motor once again overpaid its debts. 2019-10-10
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  It was shut down after burning up 8.4 billion of the financing, and it was exposed that the Baiteng Automobile affiliated company became the executee.

  Since its establishment in 2017, Baiteng Motor has raised a total of about 8.4 billion yuan in four rounds of financing. Now that the funds have been exhausted and shut down, CCTV commented that "burning up 8.4 billion yuan will not produce a mass-produced car." Recently, new news has come out from Baiteng Motor. According to the investigation information, recently, Nanjing Zhixing New Energy vehicle Technology Development Co., Ltd., an affiliated company of Baiteng Automobile, was listed as the executee by the people's Court of Qixia District of Nanjing City, with a bid of 332540 yuan. Up to now, it can be found that there are two records of the person subject to execution in the company, with a total amount of 2.2163 million yuan. Data show that Nanjing Zhixing new energy vehicle technology.

  Baiteng car 2020-11-25
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  The payment is overdue, and the mass production of Baiteng car is in trouble with funds.

  This year, Baitang officially announced that the Baiteng M-Byte will be launched globally in the third quarter of 2019 and will be available at the end of 2019. Now it has been less than half a year since the production car M-Byte went on the market, but there has been a problem with Baiteng's funds. FAW Xiali disclosed in the "notice of reply to the 2018 Annual report" that the repayment amount of Baiteng parent Nanjing Zhixing's purchase of 100% equity interest in FAW Huali, a subsidiary, did not reach the agreed amount as of April 30. Nanjing Zhixing still has 310 million yuan overdue. In September 2018, FAW Xiali will be a subsidiary at a price of 1 yuan.

  Car Biden. 2019-07-02
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  The car company also has a "cash crunch", with comments saying that it may be declared out.

  According to ChinaCare.com, citing Baiteng's former employees, the Baiteng auto factory was suspected of being cut off by the relevant parties due to arrears, and a large number of employees also left and lost. A netizen who identified himself as a Baiteng employee said, "in principle, our play is over and we are no longer needed. We have given everyone a long holiday. There is nothing to say." ChinaCare.com commented: "if the news is true, does it mean that Baiteng Motor has basically been declared out." Baiteng Automobile "money shortage" aggravates according to Tianyan, Baiteng is a new energy vehicle brand owned by Nanjing Zhixing New Energy Technology Development Co., Ltd. (FMC). It has carried out four rounds of financing since its establishment, with a total amount of more than 12.

  Baiteng car 2020-06-12
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  Baiteng internal file exposure! Work will continue to be suspended for half a year, and all mainland employees in China will be waiting for duty.

  Independent car company Baiteng Motor has suffered a "shutdown" since the middle of this year due to financial and operational problems, and after a six-month shutdown, the company again issued a notice that it will extend the shutdown until June 2021 because it does not have the conditions to resume work and production.

  Baiteng 2021-01-04
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  Burning up 8.4 billion yuan could not make a car, and Baiteng Motor was formally filed for bankruptcy liquidation.

  On November 1, the bankruptcy liquidation case of Nanjing Zhixing New Energy Automobile Technology Development Co., Ltd., an affiliated company of Baiteng Automobile, was formally heard. According to relevant data, Nanjing Zhixing New Energy vehicle Technology Development Co., Ltd. was established in June 2017. It is jointly established by Zhixing New Energy vehicle Investment Management (Nanjing) Co., Ltd. and Nanjing Qining Feng New Energy Automobile Industry Investment Fund Partnership (Limited Partnership). Nanjing Baiteng Automotive Technology Co., Ltd. was established in December 2017 and is 100% owned by Nanjing Zhixing New Energy. The bankruptcy liquidation will also mean that Baiteng Motor lost 8.4 billion of its investment in three years.

  Baiteng 2021-11-02
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  Baiteng Motor received millions of dollars investment from Marubeni, a Japanese trading company.

  According to Tianyan check, Baiteng Motor, one of the new car building forces, has become a partner with Japan's Marubeni Co., Ltd., Marubeni Co., Ltd. is expected to invest millions of US dollars in Baiteng. If the cooperation goes well, Marubeni Co., Ltd. will consider further investment. It is understood that since its establishment in 2017, Baiteng Motor has carried out four rounds of financing, with a total amount of more than 1.2 billion US dollars, including FAW Group, Foxconn, Ningde Times and so on. Baiteng CEO Dai Lei said during the Guangzhou auto show that the $500m C-round financing is nearing completion and has now met the demand for mass production. After the completion of round C financing, Baiteng Motor will immediately.

  Baiteng car 2019-12-27
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  Media: Dai Lei, CEO of Baiteng Motor, has left.

  According to media reports, Daniel Kirchert, co-founder and chief executive of Baiteng Motor, has left the electric car start-up, and co-founder Ding Qingfen is now the "de facto" head of the company. Baiteng, founded in 2017, is a member of the new car-building force. its first production model, M-Byte, was unveiled in November last year. It is understood that the mass production version of Baiteng M-Byte offers two kinds of powertrain, which are single-motor rear-drive version and front-rear dual-motor rear-drive version, with a maximum power of 272 hp and 408 hp, and a comprehensive range of 430km and 55.

  Baiteng car 2020-10-11
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  Employees ask for wages and protect their rights, and owe hundreds of millions of dollars! It is difficult for domestic brand Baiteng to survive.

  According to media reports, Baiteng Motor has owed nearly four months' salary to its employees, including the level of director, involving nearly 1,000 people. Baiteng has not given a positive account so far, and there are no follow-up arrangements. It is said that Baiteng employees are planning to collectively protect their rights and ask for wages.

  Baiteng employees protect their rights 2020-06-22
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  It is exposed that Baiteng can not pay wages in China, and the salaries of core executives will be reduced by 80%.

  Recently, there have been media reports of temporary layoffs at Baiteng Automotive's US R & D center, an 80 per cent pay cut for executives and delays in the payment of salaries for employees in China. In this regard, Baiteng Automobile responded that under the continuing impact of the epidemic, Baiteng can not be left alone, and the business operation is facing great challenges. At present, a number of phased measures have been taken to reduce short-term fixed costs and ease financial pressure. Among them, employees in China suspend part of their salaries according to their ranks, some employees in American offices are suspended from pay, and some employees in German offices shorten their working hours. At the same time, the core management of Baiteng Automobile will be collective.

  Baiteng car 2020-04-23