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  After abandoning Bowo, Foton made a comeback in the first half of the year.

  After leaving Bowo, Foton ended months of losses, and Foton made a profit in the first half of this year. On July 29, Foton Motor executives said at a communication meeting of BAIC that the company's revenue and profits would increase in the first half of the year, of which operating revenue would increase by about 20%, while profits would turn from losses to profits. however, the specific figures will not be released until the second half of the year. Compared with the same period last year, Foton Motor lost 1.017 billion yuan, compared with 3.575 billion yuan for the whole of last year. Data show that Foton Motor sold a total of 272000 vehicles in the first half of this year, down from the same period last year. ...

  Car Fukuda Bowo 2019-08-04
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  Fukuda responded to the huge loss of 3.6 billion, Bowo is the main cause.

  Fukuda responded to a huge loss of 3.6 billion, citing Bowo's central passenger car business as the main reason for the loss. Since its listing in 2016, Bowo's net profit has been-484 million,-985 million and-2.545 billion yuan respectively, with losses increasing year by year. Bowo's loss in 2018 accounted for 70% of Futian Motor Co., Ltd., due to the decline in sales and the increasing intensity of the market as a result of the downturn in the passenger car market, and the increase in advertising promotion fees compared with the same period last year. The amount of financing for the current period increased compared with the previous year, but the financial expenses increased compared with the same period last year, resulting in the same profit.

  Loss response Fukuda Bowo 2019-05-20
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  After the transfer of Bowo Motor shares, Foton Motor earns a profit of 360 million yuan in 2019.

  Foton Motor recently released an annual profit forecast for 2019, which shows that the net profit attributed to shareholders of listed companies is expected to be about 360 million yuan in 2019, compared with-3.57458 billion yuan in the same period last year. Foton Motors said in the announcement that the main reason for the annual profit in 2019 is that due to the transfer of 67% of Beijing Bowo Motor, the transfer will no longer be included in the scope of the merger, resulting in a substantial loss reduction compared with the same period last year. Data show that in 2014, Foton Motor acquired Bowo Motor at a price of 5 million euros, and the acquired Bowo Automobile.

  Fukuda Motor 2020-01-26
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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
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  Speed up electrification! Fukuda official announced a change of bid.

  Fukuda

  Automobiles Fukuda new energy brands commercial vehicles products companies markets sales growth business brand new limited limited 2023-08-29
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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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  Bowo dealers protect their rights: BAIC Foton "return my hard-earned money"

  Once again, Baowo's heartbroken dealers stand in front of manufacturers to protect their rights. Recently, representatives of Baowo car dealers gathered at BAIC's Futian headquarters, and the rights protection banner stated their purpose: "Fukuda Baowo, deceiving the operation, harming the dealers, and returning my hard-earned money." From the joint letter from some dealers of the Baowo brand to BAIC Foton, we know that the dealers are dissatisfied with the early investment of Fukuda Bowo and the latest investment policy of the new shareholder in China. 1. In the early stage, it was fraudulent to attract investment in the name of "German Baowo" brand, one of the top four German brands. Without notifying the distributor, 67% of the shares were transferred to the actual control of China, and China released the latest investment policy.

  Distributor 2019-02-25
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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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  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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  Toyota popularizes fuel cell technology in China and will provide fuel cell components to FAW, Suzhou Jinlong and BAIC Foton.

  Toyota has made great achievements in the layout of new energy technology. different from other manufacturers, Toyota's main technology route is gas-electric hybrid and hydrogen fuel cell. At present, Toyota has confirmed that it will provide key components of hydrogen fuel cells in addition to authorizing the use of gas-electric hybrid technology to Chinese automakers. Toyota Motor Corp. has announced that it will supply key components of hydrogen fuel cells to Chinese automakers FAW Group and Suzhou Jinlong. Toyota, which is currently working hard to promote the technology, believes that hydrogen fuel cells will play a bigger role in popularizing electric vehicles. Toyota Motor.

  2019-07-07
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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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  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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  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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  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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  Fukuda Motor lost 3.575 billion in 2018 and reversed its losses in the first quarter of this year after selling Bowo.

  Foton Motor disclosed its annual report and quarterly report, with revenue of 41.054 billion yuan in 2018, a year-on-year decline of 20.61%, and a net profit loss of 3.575 billion yuan, compared with a profit of 112 million yuan in the same period last year. As for the decline in revenue and profit in 2018, Fukuda said it was mainly due to a year-on-year increase in advertising fees and a decline in sales in the passenger car business. Foton Motor had revenue of 14.144 billion yuan in the first quarter of this year, an increase of 50.27% over the same period last year, and a net profit of 80.186 million yuan. Foton Motor 2018 annual report shows that there are five main factors affecting the main business, the most important of which is passenger car business.

  Car loss Fukuda 2019-04-28
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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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  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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  Similar to a best-selling American model, General Fukuda is officially listed.

  General Fukuda officially went public on March 6, with a price range of 12.98-183800 yuan for the new car. It is understood that the new car launched a total of leisure version, sports version, cross-country version of three appearance style models, and provide three different kinds of power. General is BAIC Foton's latest pick-up truck, but at first glance, its appearance is very similar to that of an American brand. From the point of view of the real car, General Fukuda adopted a relatively strong design style, with a black straight middle net and a "C" headlamp group on both sides, which made the front of the car look bulky and domineering. In addition, the general joined the huge "FOTON..." in China.com.

  Fukuda Motor 2021-03-06
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  Another self-branded new car is accused of being a "copycat", and General Fukuda pickup truck will be released.

  Fukuda Motor's new pickup model "Grand General" is about to be released, which is expected to go on sale in November.

  Fukuda Motor 2020-09-09