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  All of a sudden! Well-known "German" brands apply for bankruptcy liquidation

  Beijing Baowo, which lost its operational capacity, finally filed for bankruptcy liquidation, and Foton Motor, as one of its shareholders, was also deeply affected. On the evening of April 8, Futian Motor announced that due to the financial exhaustion of Beijing Baowo, it was indeed unable to pay off its maturing debts, and its assets were not sufficient to pay off all its debts. Beijing Baowo held an interim shareholders' meeting on April 8, 2022. The resolution filed for bankruptcy liquidation in accordance with the law, and submitted the relevant application to the Beijing No. 1 Intermediate people's Court on April 8. It should be noted that bankruptcy liquidation and bankruptcy reorganization are essentially different. Bankruptcy reorganization is to have or may have the conditions for bankruptcy at the same time.

  Bowo car 2022-04-10
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  Only six years after its establishment, this "German" car company went into bankruptcy liquidation.

  "good is expensive", "expensive is good" and "very expensive". This magical advertisement came from Bowo Automobile. Because the slogan was "shocking", it attracted a lot of attention on the Internet at that time, and even made Baowo car very popular for a while, but it was really only "very popular for a while", in the years after that. Only let people remember that "good is expensive", "expensive is good" and "very expensive" Bowo finally failed to come up with a new name in the domestic market. On April 22, Futian Motor issued a notice saying that because Beijing Baowo could not pay off its maturing debts, and the audit report showed that its assets were insufficient to pay all its liabilities.

  Bankruptcy liquidation of Beijing Baowo 2022-04-23
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  The property of the centennial car company has been disposed of!

  On September 18, the official website of Beijing property Exchange issued a notice on the disposal of property in bankruptcy liquidation of Baowo Automobile (China) Co., Ltd. (hereinafter referred to as "Bowo China"). The contents of the announcement show that on August 4, 2023, the Beijing No. 1 Intermediate people's Court ruled to declare Bowo China bankrupt, and the administrator was responsible for Bowo China property in accordance with the law.

  China property announcement administrator Beijing management people's court patent exchange property right people law company content method 2023-09-18
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  Bowo is in bankruptcy liquidation, Fukuda applied to freeze 1.4 billion of property such as Lu Zhengyao.

  BAIC Foton Motor Co., Ltd. (hereinafter referred to as "BAIC Foton") has applied to freeze 1.4 billion of assets such as Lu Zhengyao, according to the China referee Writing website. According to the judgment documents, the applicant BAIC Foton Motor Co., Ltd. applied for property preservation to the Beijing Arbitration Commission, requesting to seal up, detain or freeze the respondent's Mi.

  Futian Coffee China Automobile Beijing Company Limited loss property debt Market Co. Ltd. Equity Germany Changsheng 2022-09-18
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  The debt is insolvent! Bowo's annual loss is 2.1 billion yuan

  BAIC Foton Motor Co., Ltd. (hereinafter referred to as "BAIC Foton") released its annual report on April 30, showing that its operating income reached 54.97 billion yuan in 2021, down 4.83% from the same period last year. The net loss was 5.06 billion yuan, down 3372.75% from the same period last year. In view of the performance from profit to loss. BAIC

  Insolvent annual loss 2022-05-02
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  Unable to return to heaven! A century-old car company filed for bankruptcy.

  According to Tianyan investigation information, on April 20, Bowo Motor (China) Co., Ltd. added two new bankruptcy reorganization cases, the types of cases are bankruptcy review case and bankruptcy case, the applicant and the respondent are both Bao Wo Automobile (China) Co., Ltd., and the handling court is the Beijing No. 1 Intermediate people's Court. Relevant ruling

  Automobiles companies Beijing Limited Co. Ltd. Futian China China debt Court amount sales cases people 2023-04-21
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  It's over! Bowo Motor officially went bankrupt.

  After eight years in China and several changes of hands, Bowo, which claims to be on a par with Audi, BMW and Mercedes-Benz, ended in bankruptcy. On the evening of November 29, BAIC Foton Motor Co., Ltd. (hereinafter referred to as "Foton Motor") issued a notice saying that the Beijing No. 1 Intermediate people's Court (hereinafter referred to as "Court" or "Court")

  Cars Futian companies Beijing China losses brands courts sales Changsheng influence announcements shares assets models 2022-11-30
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  The production qualification of "well-known German" car company has been cancelled!

  A few days ago, the Ministry of Industry and Information Technology issued the fourth part of Road Motor vehicle production Enterprises and products (batch 371), including Beijing Baowo Automobile Co., Ltd. (hereinafter referred to as "Beijing Baowo") applied for cancellation of automobile production qualification on its own. among them, a number of Beijing Baowo products will stop production from the date of announcement, will be 2.

  Production Automobile qualification Beijing OEM Xiaomi Enterprise Company Motor vehicle Road Product Market China Stock 2023-06-24
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  Something's going to happen! Bowo's auto assets were seized by the court

  "good is expensive, expensive is good", Bowo car thunderstorm again! Last night, Chinese commercial vehicle brand Foton Motors issued a notice saying that due to the inability to repay suppliers and other creditors, the relevant creditors applied to seal up Beijing Baowo related assets, involving an amount of about 124 million yuan. The book value of the seized property is 2.209 billion yuan, including machinery and equipment, transport equipment, office equipment, IT equipment, tooling moulds, other equipment, projects under construction and inventory. The assets of Beijing Baowo seized this time do not belong to Futian, nor are they related assets that Beijing Baowo uses assets to repay debts. Fukuda made it clear that the assets seized this time.

  Bowo car 2021-12-10
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  The debt is insolvent! Futian Motor compensates 400 million yuan loan for Baowo.

  Last night, Futian Motor, a Chinese commercial vehicle brand, announced that the company's shareholding company Beijing Baowo Automobile Co., Ltd. and Huaxia Bank had not reached an agreement on the plan of "borrowing the new to return the old" for the 400 million yuan loan, and was unable to repay the 400 million yuan loan principal and related interest of Huaxia Bank on time. On September 18, 2021, the company has paid 404 million yuan to Huaxia Bank to pay the principal, interest and penalty interest of the above-mentioned guaranteed loan. After the company reimburses the guaranteed loan, the guarantee balance to Beijing Baowo is 310 million yuan, and the overdue guarantee amount is 310 million yuan. According to official introduction, Bowo car has a history of 100 years, in 1.

  Beijing Auto's Foton 2021-09-22
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  All stores stop selling, "German" Bowo has no property to enforce.

  According to the China referee Writing Network, in the case related to the first Project (Beijing) Culture Co., Ltd., the executee Bowo Automobile (China) Co., Ltd. has no property to execute. According to the enforcement documents, in the process of execution, the Beijing Municipal No. 3 Intermediate people's Court inquired about the opening of accounts with financial institutions, house ownership, vehicle registration and industrial and commercial registration according to law. According to the investigation, there are no executable deposits, no movable property and motor vehicle registration information in the bank account under the name of the person subject to execution, and no foreign investment available for execution. The executor approves the inquiry results of our hospital. The court has adopted the person subject to execution in accordance with the law.

  Bowo car 2022-03-26
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  Fukuda Motor: the transfer of equity has not yet been paid, and Bowo temporarily uses assets to repay debts of 4 billion yuan.

  On April 8, BAIC Foton issued a progress announcement on the signing of contracts for the follow-up to the transfer of Baowo shares, according to the announcement. Beijing Baowo Automobile Co., Ltd. (hereinafter referred to as "Beijing Baowo") temporarily uses the estimated discount of the net asset value of the debt-paying property of 4 billion yuan to repay the designated loan. The remaining outstanding principal and all unpaid interest under the loan agreement shall be paid by Beijing Baowo in cash in accordance with the repayment time under the loan agreement, the two parties may negotiate separately on the repayment time of the principal and interest of the above-mentioned outstanding loan, but the repayment time shall be no later than January 17, 2023 and before January 17, 2022.

  Beijing Auto's Foton 2020-04-09
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  Xiaomi may buy Bowo and build a factory in Beijing / Wuhan

  Beijing authorities are actively promoting Xiaomi's acquisition of Bowo car production qualification, transferring 180000 Bowo car production capacity to Xiaomi car project, according to the Financial Associated Press. At the same time, as the existing capacity of the Baowo automobile plant cannot meet Xiaomi's investment of as much as US $10 billion in the next four years, Xiaomi will select a site and build its own factory in Wuhan by acquiring existing production capacity and production qualifications. Adopt the "Beijing + Wuhan" dual-plant model to ensure a stable production capacity effect in the future. However, as of press time, Xiaomi did not respond to the relevant reports. As a member of BBBA, the current existence of Bowo in the domestic market.

  Millet car 2021-09-13
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  Another Huawei smart car is coming! BAIC Huawei cooperates again

  Following the HI model, Huawei has expanded its cooperation with BAIC, this time in a smart car model. On August 15, BAIC Blue Valley issued a notice on the change of Beijing High-end Intelligent Ecological Factory Construction Project and related transactions, announcing that in order to further deepen cooperation, BAIC New Energy is cooperating with Huawei Technology Co., Ltd.

  Huawei Cooperation New Energy Automotive Intelligence Model Beijing Factory Project Company announcement High-end Miyun upgrade production 2023-08-16
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  Baowo, which has lost 4.1 billion yuan in three years, is now living a prosperous life after being abandoned by Fukuda.

  When it comes to the Bowo brand, most consumers do not know it. They have only heard of Baojun and Volvo brands, but they have never heard of Bowo! As an automobile brand born in the last century, Baowo also has a glorious history. According to public data, Shikar Bowo founded the Bowo car brand in 1919. At that time, Bowo was indeed a well-known car brand in Germany, with annual sales of more than 1 million vehicles at its best, once competing with Mercedes-Benz for the world. Later, Bowo suffered repeated setbacks. Due to declining sales, poor management and low product power, the overburdened Bowo was finally officially announced in 1960.

  Baowo Fukuda 2019-11-23
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  In 2022, three well-known car companies will become history.

  The global auto market has been developing for more than 100 years, and we have witnessed the birth and entry of new brands, as well as the decline and disappearance of old brands, which happens every year, especially at a time when new energy has become a development track. To this end, Automotive Industry concern counted the number of people who announced delisting in 2022.

  Brand market sales car China Fick domestic model Honda sales this is problem Beijing development consumer 2022-12-21
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  Is it a drag on Bowo? The net profit of car rental in China dropped sharply by 90% in 2019.

  China car rental released its 2019 financial report on March 17. According to the financial report, the total rental income of China car rental in 2019 totaled 5.559 billion yuan, an increase of 4.1 percent over the same period last year, while net profit was 31 million yuan, down 89.3 percent from the same period last year. China car rental revealed in the financial report that in the challenging moment, the company has stopped buying new cars to maintain safe cash levels. At the same time, companies stimulate growth by encouraging car rentals to reduce physical contact. The company will continue to sell more used cars to replenish liquidity. Total revenue increased by 4% year-on-year, while net profit plummeted by 89.4%, except for car rental in China.

  Bowo car China Rental car 2020-03-18
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  Bowo is about to change ownership! Shenzhou Youche plans to acquire a 67% stake in Bowo Automobile with 4.1 billion yuan.

  Shenzhou Youche announced that it intends to transfer the 67 per cent stake in Baowo Motor held by Changsheng Xingye at a transfer price of 4.10911 billion yuan. Upon completion of the transaction, the company will take a controlling stake in Bowo Motor. This also makes the capital acquisition rumors of both sides finally settled. Regarding Changsheng Xingye's stake in Bowo, Lu Zhengyao, chairman and CEO of China excellent car, said in an interview earlier: "Changshengxingye is a company owned by my classmate Wang Baiyin. Shenzhou Youche supports Changsheng Xingye to take a stake in Bowo." Shenzhou excellent car only wants to form a deep strategic cooperative relationship with Bowo as a platform. At this point of time, Shenzhou excellent car is not suitable to talk to Bao Wo.

  Car Bauer. 2019-03-19
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  The car brands that Li Ka-shing focused on investing have become cold, and the arrears of wages for 12 months are insolvent.

  Recently, Hangzhou Yuhang District people's Court issued a notice to restructure Hangzhou Changjiang Automobile Co., Ltd. (hereinafter referred to as "Changjiang Automobile") according to the application of Beijing Zijing Julong Science and Technology Investment Co., Ltd. In August 2020, the Yuhang District people's Court ruled to accept the bankruptcy liquidation case of the debtor Hangzhou Changjiang Automobile Co., Ltd. on September 11, 2020, Zhejiang Jingheng Law firm, Zhejiang Nuoliya Law firm and Ningbo Kexin Accounting firm Co., Ltd. were appointed as managers. December 2020, Changjiang Automobile bankruptcy liquidation administrator publicly issued a project investor recruitment announcement, which means.

  Changjiang Automobile 2021-01-21
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  Foton Motor @ Changsheng Societe Generale: when will the transfer of Bowo still need 1.481 billion yuan?

  On the evening of January 16, Foton Motor issued a progress announcement on the transfer of 67 per cent stake in Beijing Baowo Automobile Co., Ltd., saying that by January 10, 2020, the company had received the remaining price of 1.3 billion yuan. As of January 15, 2020, the remaining price of 1.481 billion yuan has not been received. The remaining price due and unpaid will have a certain impact on the company's operating cash flow, but will not affect the normal production and operation of the company. The company will urge Changsheng Xingye to fulfill its payment promise in accordance with the follow-up agreement. As the transfer of 67% of the shares of Bowo Motor has not been recovered, Foton Motor received the Shanghai Securities Exchange.

  BAIC Futian Beijing Baowo 2020-01-17