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  Shenzhou excellent car will fully take over Bowo car, which may bring new vitality.

  According to relevant media reports, Beijing Baowo Automobile Co., Ltd. (hereinafter referred to as "Bowo Automobile") has made a number of industrial and commercial information changes. Among them, Wang Baiyin, the former chairman, manager and legal representative, withdrew, Lu Zhengyao, chairman of Shenzhou excellent car, became the chairman of Bowo Automobile, Chen Liangyun, CFO of Shenzhou excellent car, became the director, manager and legal representative of Bowo Automobile; the former investor Changsheng Xingye (Xiamen) Enterprise Management Consulting Co., Ltd. (hereinafter referred to as Changshengxingye) withdrew, and Shenzhou Youche (Xiamen) Information Technology Co., Ltd. became the new investor. It means that Changsheng Xingye officially withdrew from Baowo Automobile, and Shenzhou excellent car will take over in an all-round way. Actually.

  Car Bauer. 2019-07-31
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  Shenzhou Youche said the layoffs were incomplete, but revealed the "dilemma" behind it.

  A few days ago, the video of "violent layoffs" of Shenzhou excellent car was circulated and discussed, and then Shenzhou excellent car also explained the matter and said there was a misunderstanding. After investigation, the complete situation will be explained. The video shows a company HR announcing the unilateral termination of the labor contract to the employee sitting at the station, and another colleague made a video record. during the communication between the two sides, the employee was puzzled, but hr replied, "if you have any opinions, you can go to arbitration." Due to the issue of public opinion, the person in charge of Shenzhou Youche said that it was the wrong way of handling the hr and how improper it was, so the hr involved had already made a reflection. Pass by.

  Shenzhou excellent car 2020-01-04
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  SAIC "intercepts Hu" BAIC acquires Shenzhou Rental car and may become the largest shareholder.

  On the evening of July 2, SAIC announced that its wholly-owned subsidiaries SAIC Hong Kong and Shenzhou Youche and Amber Gem, a subsidiary of Warbug Pincus Fund, signed an "acquisition offer" to acquire no more than 613 million shares held by each of them in cash at a total price of no more than HK $1.902 billion. At the same time, China car Rental issued a notice saying that the main shareholder, China excellent Automobile, has signed an offer with SAIC Hong Kong, which intends to purchase no more than 443 million shares of the company from the Shenzhou excellent car seller at a price of HK $3.10 per share.

  Shenzhou car Rental SAIC 2020-07-03
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  HR's violent layoffs were hotly debated, and Shenzhou excellent car responded: it has been reasonably compensated.

  A few days ago, a video about the announcement of layoffs at the HR station of China excellent car has been widely circulated on the Internet and has been hotly debated. In response to this matter, China Auto responded, saying that the company has given compensation for layoffs in accordance with laws and regulations, and HR staff are also reflecting on themselves.

  Shenzhou excellent car 2019-12-30
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  SAIC suddenly stopped buying Shenzhou rental cars, and Chen Hong responded that "acquisitions should not be just acquisitions."

  China car rental receiver has skipped tickets many times, why is China car rental not favored? SAIC "Xiehu" BAIC announced on July 2 that SAIC Hong Kong, a wholly owned subsidiary, would buy no more than 613 million shares of Shenzhou Rental car for a total price of no more than HK $1.902 billion at HK $3.10 per share. Once the acquisition is completed, Shenzhou excellent car will no longer hold a stake in China car rental, and SAIC will hold a 28.92% stake in China car rental to become the largest shareholder. However, half a month later, the matter was reversed. On July 20, SAIC announced that it would affect the above-mentioned transactions during the negotiation of the follow-up equity transfer agreement.

  Shenzhou car Rental SAIC 2020-07-20
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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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  Do you want to copy the bottom at a low price? BAIC may become the largest shareholder of car rental in China.

  After the fraud incident of Luckin Coffee, the company of Shenzhou Department, which belongs to Lu Zhengyao, has been in turmoil. On June 1, China car Rental announced that Beijing Automobile Group Co., Ltd. (hereinafter referred to as "BAIC") will acquire a stake of no more than 21.26%. According to the strategic cooperation agreement, BAIC will purchase no more than 450 million shares from Shenzhou Youche, which is equivalent to about 21.26% of the total issued share capital of the company as at the date of this announcement. The details and terms of cooperation between Shenzhou Youche and BAIC are still under negotiation. If the agreement takes effect, BAIC will become the largest shareholder of car rental in China. Since April this year, Shenzhou excellent.

  BAIC Group China car Rental 2020-06-01
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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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  Bowo BX3 will be launched on December 20th, targeting a small SUV

  At present, the SUV of the Bowo brand includes BX7, BX5 and other products. In order to improve the product camp, Bowo will launch a new small SUV-- Bowo BX3, which will be officially launched on December 20. From the appearance of the new car, the Bowo BX3 follows the design language of the Bowo family, the forward air grille adopts straight waterfall design and fumigation treatment, and the diamond logo embedded in the center shows the atmosphere of the whole car. The new headlights are designed with a single lens, which is somewhat similar to the Bowo BX5. The side lines of the car body are relatively smooth, and the overall shape of the rear part is simple. In terms of size, the length, width and height of the new car are 4410mm.

  Bowo BX3 2019-12-18
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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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  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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  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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  Lu Zhengyao resigned as chairman of the board and non-executive director of the company.

  On June 10, China car Rental announced that Lu Zhengyao had resigned as chairman of the board of directors and non-executive director of the Company in order to devote more time to the performance and other business of Shenzhou excellent Automobile Co., Ltd., effective June 9, 2020. After his resignation, Lu Zhengyao will no longer serve as a member of the nominating committee of the Company. According to the terms of the financing agreement signed between the group and the lender, if Lu Zhengyao ceases to be a director of the company, the lender can declare the outstanding debt due and payable immediately. According to the terms of the financing agreement signed between the group and the lender, if Lu Zhengyao ceases to be a director of the company, the lender can announce.

  China 2020-06-10
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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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  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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  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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  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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  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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  List of the worst car companies: 16 with zero sales, more than 20 with sales of less than 1,000 vehicles

  After two consecutive years of decline, China's automobile market suffered an epidemic attack in 2020, which made the originally difficult car manufacturers face the risk of shutting down and closing down. In the environment of stock competition, the survival of automobile enterprises has once again attracted attention. It can be expected that the car companies with the lowest sales are already under tremendous market pressure, leaving them little time, and may also be included in the list of the first batch of car companies to collapse in the future. The first half of this year has ended, and domestic car companies did not live up to expectations because of the impact of the epidemic, and the second half of the year is regarded as a critical period for car companies to launch a counterattack. According to the latest statistics from the Federation of passengers, domestic narrow passenger cars in July.

  Lifan Automobile Zhongtai Automobile Dongfeng Renault 2020-08-16
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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