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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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  It doesn't sell? Selis's sales halved in August.

  On September 2nd, Cyrus Group Co., Ltd. (hereinafter referred to as "Selis Group") announced its production and sales of KuaiBao in August. Data show that Selis Group's sales of new energy vehicles in August were 6243, down 57.37% from a year earlier, of which 3263 were sold by Cyrus, which is dominated by AITO, compared with the same period last year.

  Sales Huawei Automotive New Energy data New cars Cooperation models growth Group Brand official Chery loss Union 2023-09-03
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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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  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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  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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  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