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  FAW Xialibo County joint venture landed with a registered capital of 2.54 billion yuan to set up a new energy automobile company.

  After Nanjing Boxun and Tianjin FAW announced their intention to establish a joint venture company on April 29 this year, the joint venture process was once again accelerated, and the two sides formally signed an agreement with September 27 to formally establish a joint venture company. Tianjin FAW Xiali Automobile Co., Ltd. announced on the evening of September 27th that it would set up a joint venture, Tianjin Bojun Automobile Co., Ltd., with a registered capital of 2.54 billion yuan. Among them, FAW Xiali contributed 505 million yuan with assets and liabilities related to the whole vehicle, such as land, plant, equipment, etc., with a shareholding ratio of 19.9%. Nanjing Bojun New Energy vehicle contributed 2.034 billion yuan in cash.

  Xialibo County announcement Xialibo County Joint Venture Plan FAW Xiali and Bo County Progress 2019-09-28
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  This car-building company will be out! CEO said frankly that being acquired is the only way to save himself.

  Huang Ximing said that "Bo County will not go any further" at an internal meeting recently, according to media reports citing people familiar with the matter. it also said it would make an acquisition of a new company led by Zhang Chang, director of human resources. Huang Ximing will no longer hold the position of CEO and chairman of Nanjing Boxun, according to people familiar with the matter. Zhang Chang, director of human resources, led the establishment of a new company for acquisition, saying that "the new company is the only way to save oneself at present." As for the relationship between the new company and the old company (Boxun Motor), Boxun explained that the new company will buy the old company, including people, data, and...

  Boxun car 2020-06-12
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  The company has serious operational difficulties, and the internal letter of the new domestic brand Boxun Automobile has been exposed.

  Boxun Automobile, which established a joint venture with FAW Xiali and obtained production qualification, encountered serious operational difficulties. Huang Ximing, founder of Boxun Automobile, said in a letter on June 13 that due to the actual losses and adverse effects caused by the company's operating problems to all parties, it will strive to lead Boxun Motor out of its predicament.

  Boxun Automobile FAW Xiali 2020-06-14
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  Less than a year after its establishment, the autonomous car company will be dissolved and liquidated.

  After a month of silence, Tianjin Bojun once again spread new news, the exposure of new news can be said to make Tianjin Bojun officially enter the countdown. According to an internal document exposed by the media, due to the financing failure of the controlling shareholder, the company has no possibility of resuming normal operation. Tianjin Boxun shareholders' meeting decided to authorize the management of the company to handle the follow-up management work. During the period from August 1 to October 31, 2020, the company will enter the state of "closure" and will enter the state of "dissolution and liquidation" after the expiration of the "closure" period. The so-called "closure" refers to the state of Tianjin Boxun taking the initiative to suspend business activities, and "liquidation" refers to the end of the existing.

  Boxun car 2020-07-28
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  Another runaway? The media revealed that Huang Ximing, founder of Boxun, an independent car company, has gone to the United States.

  Huang Ximing, founder of Boxun Automobile, has returned to the United States and said he is "not going back to China," Phoenix New Media said on June 24, citing people familiar with the matter. The person who broke the news was Huang Ximing's former colleague, and the reason why Boxun Automobile owed employees' wages, Huang Ximing, as a Boxun automobile legal person, was restricted from leaving the country, while Huang Ximing was still in China last Sunday. So I was surprised by the news that Huang Ximing went to the United States.

  Huang Ximing a Boxun car 2020-06-25
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  Can the Boxun car of the new power be delivered as desired after three years of silence?

  For the new car-building forces that have swarmed in the past two years, the name "Boxun Automobile" is not well known in the industry. At the 2019 World New Energy Automobile Conference, Huang Ximing, CEO of Nanjing Bojun New Energy vehicle Co., Ltd., shared the company's practice in platform development, safety management, efficiency control and manufacturing over the past three years. Boxun Automobile was officially established in 2016, with a registered capital of 138.0458 million yuan, legal representative Huang Ximing. Compared with many new car-building forces, Boxun Automobile "entered the industry" relatively late and has not been delivered in mass production so far. In contrast, in the low-key and silent past three years in Bo County, Weilai Auto.

  Car delivery 2019-08-03
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  The second reorganization plan of FAW Xiali has been announced, which is about to bid farewell to the whole vehicle business.

  Xiali, once one of the representatives of the national sedan chair, encountered the rapid development of the domestic car market, but now it is about to bid farewell to the whole vehicle business. On the evening of September 16, Tianjin FAW Xiali Automobile Co., Ltd. (issued the "report on Major Asset Sale and issuing shares to purchase assets and raise matching funds and related transactions", defining the specific plan of the latest restructuring.

  FAW Xiali 2020-09-17
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  From now on, all the staff are waiting for duty, and the financial crisis of independent brand Boxun Automobile

  On June 15, the new power car brand Bojun Motor issued a notice to its employees. Due to practical problems, the company decided to wait for duty from now on.

  Employees of Boxian County are waiting for duty FAW Xiali 2020-06-16
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  Another new car-building power is facing collapse, and Boxun cars are exposed to require employees to pay their own social security.

  With the impact of the novel coronavirus epidemic, many domestic car companies have fallen into difficulties, and even the largest SAIC Group in China has made salary reduction plans in order to survive. Not to mention that as a more difficult new force in building cars.

  Boxun car 2020-03-08
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  With a reshuffle of the automobile industry in 2020, these brands are facing a moment of life and death.

  2020 is a special year for the global market. due to the influence of the epidemic, the production and operation of the upper, middle and lower reaches of the automobile industry have stagnated. Although the Chinese market has become the first automobile market to recover, under the influence of such a market, there are still many car brands that finally stopped in 2020 because of poor management and become history. 1. Dongfeng Renault on April 14, 2020, both shareholders of Dongfeng Renault announced that the joint venture company had officially ceased operation. Both shareholders reorganized Dongfeng Renault, and Renault transferred its 50% stake in Dongfeng Renault to Dongfeng Automobile Group. Dongfeng Lei.

  FAW Xiali brilliance Group Dongfeng Renault 2021-01-01
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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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  Internal letter from Boxun Automotive CEO: operations cannot be resumed without capital and government support.

  On June 28, Huang Ximing, founder of Boxun Automobile, once again posted an internal letter on WeChat group. In this internal letter, Huang Ximing said that Boxun Automobile is currently in the operation stage of light asset mode, and there is no saleable assets such as land and factories to solve the employees' practical problems. He also apologized for all kinds of difficulties caused to employees due to the company's problems in the past year. At the same time, Huang Ximing said that he tried to cooperate with other manufacturers or newcomers in the industry to recover funds by working with intangible assets such as models, platforms and intellectual property rights built over the past three years, giving priority to employees' social security, provident fund and salary. Huang Ximing also said in the internal letter that there is no external capital note.

  Boxun car 2020-06-29
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  Announcing his withdrawal from the historical stage, FAW Xiali officially changed its name to Tianjin Boxun.

  On the evening of March 11, Tianjin FAW Xiali Automobile Co., Ltd. (hereinafter referred to as "FAW Xiali") disclosed the "announcement on the Progress of the implementation of Major Asset reorganization" and announced that the enterprise name and legal representative had been changed. The announcement shows that on February 21, the Ministry of Ecology and Environment has changed the enterprise environmental protection information, the enterprise name has been changed to "Tianjin Bojun Automobile Co., Ltd." (hereinafter referred to as "Tianjin Boxun"), and the legal representative has been changed to "HUANG XIMING". On September 7, 2019, FAW Xiali announced that it planned to contribute to the vehicle-related land, plant, equipment and other assets and liabilities.

  FAW Xiali Boxun Automobile 2020-03-12
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  FAW Xiali asset restructuring may become a "shell company", FAW to speed up the overall listing process

  On December 8, FAW Xiali announced that its controlling shareholder, China first Automobile Co., Ltd. (hereinafter referred to as FAW Xiali), will transfer its holding stake in FAW Xiali to China Railway Materials Co., Ltd. (hereinafter referred to as China Railway Materials) free of charge. According to the announcement, all the existing assets and liabilities of FAW Xiali were placed in subsidiaries designated by the controlling shareholders of the company, and at the same time, by issuing shares to purchase assets, it purchased a controlling stake in China Railway Wusheng Science and Technology Development Co., Ltd. (hereinafter referred to as China Railway Wusheng). This transaction constitutes a major asset restructuring of the listed company. According to Qixinbao, China Railway Wusheng Technology Development Co., Ltd. was established in 2018.

  FAW Xiali FAW Group 2019-12-09
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  FAW Xiali announced first-half results, revenue fell 62.45% compared with the same period last year.

  Today, FAW Xiali officially released its 2019 half-year report, which showed that in the first half of this year, FAW Xiali achieved revenue of 268 million yuan, down 62.45% from the same period last year, and a net profit loss of 551 million yuan, compared with a loss of 637 million yuan in the same period last year. Affected by the continuous downturn of the automobile market, the tightening of national emission standards and the weakening of the company's products, differences in positioning and configuration, weakening of sales channels and other factors, the company's sales volume continues to decline. According to statistics, in the first half of this year, FAW Xiali produced a total of 1126 Weizhi and Junpai cars, down 93.34% from the same period last year, and sales of 3929 cars, down 6% from the same period last year.

  Revenue FAW year-on-year decline 2019-08-30
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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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  Debt of nearly 1 billion yuan, Tianjin Boxun bankruptcy liquidation countdown ​?

  A sudden "delay message for recruiting investors" once again brought the long-silent Bolshund car back to public view. According to relevant media reports, the manager of Nanjing Bojun New Energy Automobile Co., Ltd. (hereinafter referred to as Bojun Automobile) postponed the recruitment of investors in Tianjin Bojun Automobile Co., Ltd. (hereinafter referred to as Tianjin Boxun).

  Automobile Tianjin Company Equity Al Art Limited Investment Management Xiali recruitment liquidation announcement investors Co. Ltd. 2022-07-30
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  Sichuan Luding M6.8 earthquake! A number of car companies have announced donations

  Recently, the earthquake disaster in Luding, Ganzi Prefecture, Sichuan Province has touched people's hearts. As of 8: 00 on September 8, the 6.8 magnitude earthquake in Luding, Sichuan Province had killed 82 people, including 46 in Luding County of Ganzi Prefecture and 36 in Shimian County of Ya'an City. the earthquake also caused 35 people missing and more than 270 injured (4 of them were seriously injured.

  Sichuan Luding Automobile disaster area work earthquake Fund China Ganzi Rescue people Company Foundation BMW region 2022-09-08
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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 restructuring of FAW cars has been settled, and FAW Pentium has become a wholly owned subsidiary of FAW.

  On March 25th, FAW car announced that, on March 12, the company received the approval of FAW car Co., Ltd. major asset restructuring and the issuance of shares to China first Automobile Co., Ltd. to purchase assets (Securities Regulatory license [2020] No. 352), approved the transaction. After receiving the approval documents of the CSRC, the listed companies actively carry out the transfer of the underlying assets, and as of the date of this announcement, the industrial and commercial change registration procedures for the placed assets and the purchased assets involved in this transaction have been completed. According to the previous restructuring plan, FAW cars will have the exception of FAW.

  FAW cars FAW shares 2020-03-26