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  The net exposed that BAIC Yinxiang blocked the door to collect debts for the fourth time this year, and the restructuring is still in a fog.

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  The net exposed that BAIC Yinxiang which "reneged on its promise" was blocked to collect debts for the fourth time this year. 2019-11-03
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  After Lifan, another car company will be "revived", and the brand-new model will be exposed.

  After Lifan was revived by Geely, BAIC Yinxiang, which is mired in the debt crisis, is also expected to "revive". Recently, the second creditors' meeting of BAIC Yinxiang Automobile Co., Ltd. and Chongqing BAIC Magic Speed Automobile sales Co., Ltd. was held in the national enterprise bankruptcy reorganization case information network, and finally all the voting groups passed the draft reorganization plan by a large vote. This means that BAIC Yinxiang, which is mired in the debt crisis, is expected to usher in new development opportunities. It is revealed that after the restructuring of BAIC Yinxiang, the four shareholders contribute in the following ways: special fund with RMB 1.2 billion yuan; Yinxiang Group with RMB 487 million yuan; and Hechuan Transportation Company.

  BAIC Yinxiang 2021-02-05
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  The restructuring of BAIC Yinxiang is about to start, and the Chongqing municipal government may first pay off 1.2 billion of its debts.

  Starting in 2017, as the annual sales of nearly 300000 fell to about 100000, and then stopped production, BAIC Yinxiang finally broke out in 2018, triggered by a three-month employee "high-temperature vacation". BAIC Yinxiang's plight was exposed, as well as speed cars, which also belong to Chongqing Yinxiang Industry. In October 2018, BAIC, Yinxiang Industries and Chongqing Hechuan government jointly gave BAIC Yinxiang 2 billion yuan of blood transfusion, but the money was a drop in the bucket for BAIC Yinxiang. In the following six months, the car company not only did not improve, but fell into a greater predicament.

  The government BAIC 2019-06-24
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  Without the money, the car could not be sold, and the dealers of BAIC Magic Speed all over the country were cheated.

  Representatives of nearly 100 BAIC Magic Speed dealers across the country gathered in front of the Beijing Automobile Group building to protect their rights, asking for a total of about 200 million in arrears, while the protection of dealers' rights has been going on for several days. The rights protection incident once again exposed the operational difficulties of BAIC Yinxiang Company and the shortage of capital chain. It has been 10 months since the suspension of production was announced, and the problem of BAIC Yinxiang has not been solved so far. "BAIC pays back money" is the slogan of their visit and the purpose of coming here. The amount demanded by rights protection dealers ranges from tens of thousands to more than 10 million, totaling about 200 million, including car booking, deposit, rebate, various losses, and so on. Dealers to BAIC Silver.

  Distributor 2019-04-24
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  BAIC Yinxiang used "inventory vehicles to repay debts", and BAIC was again blocked by dealers to protect its rights.

  BAIC Magic Speed, which had previously been protected by a number of dealers for defaulting 200 million yuan in car purchase payments, has now ushered in a new round of dealers "blocking the door." Less than three months after the last rights incident, today (July 9) more than 30 BAIC Magic Speed dealers from all over the country gathered in front of BAIC Group's R & D headquarters. because the arrears that BAIC Group promised to call dealers after the last rights protection still did not arrive on schedule, dealers had no choice but to organize northward to safeguard their rights. One of the dealers of BAIC Magic Speed said that in the framework agreement signed in April when safeguarding rights, BAIC promised to return 200 million yuan in arrears in four times.

  Dealers inventory BAIC 2019-07-09
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  It is exposed that the speed car "factory closes down"! Vehicle maintenance is a problem.

  Today, the front of the 4S shop on Yueshan Road in Jilin City is crowded with car owners who protect their rights. It is said that this 4S store has closed down, and the owners of the speed car have bought car after-sales service for more than a year, regardless of the after-sales service of the car. The manufacturer has no guarantee and there is no way to deal with it afterwards. Car owners have no choice but to protect their rights. According to the online game for safeguarding rights on the spot, in the face of the protection of the rights of car owners, speed did not come forward to deal with it, while a "mediation notification letter for terminating consumer rights and interests dispute" on the network shows that due to "the parties refuse to mediate or do not participate in mediation without justifiable reasons", the Administration for Industry and Commerce has terminated mediation. In another petition for the protection of rights, the owner of the vehicle for safeguarding rights put forward five demands.

  Automobile 2019-04-25
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  BAIC Yinxiang reorganized, Chongqing Municipal Government signed a restructuring agreement with BAIC Group.

  BAIC Yinxiang Automobile Co., Ltd. announced that on August 30, the Chongqing Municipal Government and BAIC signed an agreement to promote the strategic restructuring of BAIC Yinxiang. BAIC Yinxiang did not disclose the details of the restructuring project. A person familiar with the matter told the media, "the Chongqing Municipal Government and BAIC will immediately repay the arrears of the remaining dealers, with a total amount of about 300 million yuan." From a notice of suspension of production in July last year, BAIC Yinxiang still failed to get out of the predicament and stopped production for more than a year. During this period, BAIC Yinxiang also encountered incidents such as salary demands by employees, door-to-door visits by dealers and suppliers. In mid-August, there was a suspected BAIC Yinxiang stop on the Internet.

  2019-08-31
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  BAIC Yinxiang has entered the bankruptcy reorganization process, and the recovery of the dealer's arrears is a long way off.

  Recently, the Chongqing bankruptcy court held a hearing on the selection of managers in the bankruptcy reorganization of BAIC Yinxiang and Chongqing BAIC Magic Speed Automobile sales Company. In the end, Chongqing Lida Law firm and Daxin Accounting firm (Special General Partnership) Chongqing Branch were jointly elected as the managers of the above two cases. Prior to the hearing organized by the Chongqing bankruptcy Court, it was concluded that all the assets of BAIC Yinxiang and BAIC Magic Speed were no longer enough to pay off all debts, and BAIC Yinxiang had a sound automobile manufacturing system and sufficient technical reserves. BAIC Magic Speed has a good market foundation, mature automobile distribution management system, perfect sales team and after-sales service team. Two.

  BAIC Yinxiang 2020-10-03
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  BAIC Magic Speed owed 340 million money to be repaid at a 40% discount, and more than a hundred dealers went to Chongqing to protect their rights.

  According to media reports, more than 100 BAIC Magic Speed dealers will go to Chongqing BAIC Yinxiang Automobile Co., Ltd. on June 28 to defend their rights and ask BAIC Yinxiang to change its current debt plan of "dealer car discount of 40% for 8 years to repay principal". It is understood that dealers across the country have owed a total of 340 million yuan, and if the matter is not resolved, they will try to take legal measures. According to the data, BAIC Yinxiang was founded in August 2010, and BAIC Magic Speed is a brand launched by BAIC Yinxiang Automobile Co., Ltd. in March 2014. According to Tianyan investigation, the current BAIC Yinxiang shareholding structure, BAIC Automobile Group accounts for 26%, Chongqing Yinxiang trade.

  BAIC magic speed 2020-06-29
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  BAIC Yinxiang has crossed? The official issued a statement denying the dissolution and restructuring to solve the difficulties.

  A few days ago, an inside news about BAIC Yinxiang's "suspension of production and holiday" attracted attention. A screenshot of a group chat showed that BAIC Yinxiang would carry out a "holiday of 1-3 years" and wait to be reorganized to lay off employees, and employees would only give IOUs regardless of whether they went or stayed. On the 23rd, BAIC Yinxiang Automobile Co., Ltd. issued a statement: all are false information. BAIC Yinxiang official said that online "BAIC Yinxiang dissolution", "restructuring requires a holiday of 1-3 years", "compensation payment company will issue IOUs" and other information, as well as chat records, are false information. We will investigate the behavior of the relevant personnel who release false statements and information and disrupt the operation and restructuring of the enterprise.

  Release official BAIC 2019-08-24
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  BAIC Yinxiang may welcome the reorganization with a long holiday, and employees will only give IOUs regardless of whether they go or stay.

  A screenshot of what looks like BAIC Yinxiang's internal chat was obtained online today, which shows that BAIC Yinxiang may have reorganized its "holiday of 1-3 years" to lay off employees. The news shows that according to BAIC Yinxiang's new policy, employees who immediately leave their jobs will be compensated according to the bankruptcy policy of the national company (regardless of magic speed and speed, the working years will be calculated from the first day of employment). Compensation is calculated according to the average salary of the first 12 months; employees who do not leave their jobs will be paid according to the standard of 1200 yuan per month during the holiday period. In terms of insurance, BAIC Yinxiang proposed to the former employees to hand in by the company, by themselves or by themselves.

  BAIC 2019-08-22
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  Another brand new launch! BAIC Ruixiang landed at Chongqing Auto Show

  On June 12, at the 23rd Chongqing International Automobile Expo, the new car brand BAIC Ruixiang was officially launched. Who is BAIC Ruixiang? According to official introduction, BAIC Ruixiang is a vehicle manufacturer jointly built by two-level state-owned enterprises in Chongqing and Hechuan City and BAIC Group. Hechuan District takes the strategic restructuring of BAIC Yinxiang and BAIC Ruixiang new cars as an opportunity to promote the development of the automobile industry in the region. According to Tianyan check information, BAIC Group holds 25.99% of BAIC Ruixiang as the largest shareholder, Guokai Development Fund Co., Ltd. holds 12.65%, and Chongqing Yinxiang system holds 61.35% as the actual controlling shareholder. In exchange.

  BAIC Yinxiang 2021-06-12
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  The BAIC booth of Chengdu Auto Show was protected, and the brand turned off the lights directly.

  Netizens revealed that at the 2020 Chengdu International Auto Show held on July 24, some people at the Beijing auto booth shouted "BAIC returns the money." According to a video released by eyewitnesses at the scene, the BAIC booth was still more than an hour away from the 18:00 closing time on the same day, but there was a loud cry for "BAIC to repay the money" outside the Beijing Group booth. BAIC brand just turned off the lights after seeing the situation. At the same time, a large number of staff dressed in white clothes and black trousers gathered to build a human wall, and even pulled up strips of black cloth at one point. According to industry insiders, "it should be the dealers of BAIC Magic Speed. They went to Chongqing at the end of June."

  BAIC Group BAIC Magic Speed BAIC Yinxiang 2020-07-25
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  Sales fell by more than 50% on the list of car companies, the automobile industry entered a moment of life and death.

  As sales continue to decline and the auto industry enters the life-and-death knockout round, many industry insiders predict that 50% of China's car companies will collapse. In 2019, car companies and automobile suppliers have business difficulties one after another, losses have become the mainstream, and news of stopping production and unpaid wages emerge one after another. Traditional automobile companies sell land and sell qualifications, and even enter a difficult time of merger and reorganization. For car companies, the sharp decline in sales is currently facing the most serious thing, the lost share is very difficult to get back, a little inadvertently will be eliminated by the market. According to the ranking of car companies based on the passenger car data of the Federation of passengers in October, 65% of the car companies' sales fell, nearly 30%.

  Car company sales volume automobile industry 2019-11-17
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  Can you turn over? BAIC Ruixiang X5 is officially listed.

  On August 25, BAIC Ruixiang's first model, BAIC Ruixiang X5, was officially launched, with a total of 10 models with a price range of 7.38-123800 yuan. From the point of view of the appearance, BAIC Ruixiang X5 adopts a brand-new exterior design, the front face uses a large forward air grille, the middle grid uses a straight waterfall grille, and the sharp-shaped headlamp adopts fumigation treatment inside. And the integrated layout with the front grille. The new brand LOGO of BAIC Ruixiang is in the middle of the intake grille, with silver metal texture star shape and hollow-out design in the middle. In terms of size, the length, width and height of BAIC Ruixiang X5 are respectively.

  BAIC Yinxiang 2021-08-25
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  Something happened to BAIC Yinxiang again! Hundreds of dealers come to collect debts.

  According to news on the Internet, a number of BAIC Magic Speed dealers from all over the country gathered at Beijing Automobile Group Co., Ltd., located in Shunyi District, Beijing, today (April 22) to compete against more than 200 million yuan for car purchases. From the pictures at the scene, we can see that the rights protection dealers are neatly lined up in front of the gate of BAIC, with the words "return money from the north" on their bodies. Tencent first-line sources reported that more than 100 dealers came to collect debts this time, totaling more than 200 million yuan. Some dealers revealed that some of them paid tens of thousands of yuan for car bookings, while others paid millions of yuan. And manufacturers have been stalling for time on the grounds of limited production capacity. Now, manufacturers are gradually starting to stop providing equipment.

  Distributor 2019-04-22
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  Sales fell by more than 50% in 2019, and some brands may become history.

  China's car sales continued to decline in 2019, with passenger cars falling by 9.3% for the whole year, falling into negative growth for two consecutive years. In this context, 2019 is also the most difficult year for automobile companies, from scenery to downfall, from positive profits to losses, many car companies' sales plummeted to operational difficulties, and the news of stopping production and closing factories emerged one after another. the automobile industry has entered a moment of life and death. To be exact, if the industry survives the fittest, those car companies that do not have brands, core technology and capital will collapse one after another. Of the 88 car companies that can be counted in China, 58 saw a decline in sales in 2019, accounting for

  Automobile industry car sales car companies 2020-01-18
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  The automobile manufacturing industry in Chongqing has plummeted, and many car companies are facing a crisis of survival at a loss.

  With the continuous recession of the automobile industry, the loss-making operation of domestic automobile companies has become the norm, and some joint ventures and independent brands have difficulties in survival, which leads to a reshuffle. Chongqing is one of the "China Automobile cities", which gathers many independent and joint venture brands and auto parts supporting industries, but the decline in sales and brand decline has led to a severe setback to the automobile industry. Today, CCTV Finance reported the operation status of Lifan Automobile, one of the representative automobile companies in Chongqing automobile manufacturing industry. The investigation found that Lifan Automobile production base was almost at a standstill, and employees were still in arrears. The financial report shows that Lifan shares lost 2.6 billion in the first three quarters. And Lifan is only Chongqing.

  Automobile manufacturing industry 2019-11-02
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  Another car brand! The era of BAIC Ruixiang contract manufacturer Light Orange announced the construction of cars.

  "making cars" is a hot word in the technology industry this year. I never thought it would be so easy to build cars. Light Orange Times posted on Weibo on Nov. 17 that the first model, the Orange, will be officially unveiled at the Guangzhou Auto Show on November 19. Judging from the official poster, it will be a smart car again, with a penetrating headlight group and triangular LED daytime driving lights, with three horizontal lines in the lights, and the new car's logo is similar to the shape of "E". Data show that Light Orange Times (Shenzhen) Science and Technology Co., Ltd. was established on June 25, 2021, with a registered capital of 1000.

  BAIC Yinxiang 2021-11-17
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  Another family collapsed, and the long-established company, Fengcheebao, was exposed to a collective pay cut and suspension of production.

  Since 2018, China's auto market has bid farewell to the era of rapid growth, entering the stock competition has caused a series of chain reactions, independent car brands have also entered a difficult time. In the process of the new energy spring tide, there are many independent brands to achieve transformation, but now the state has substantially tightened subsidies, some brands that do not fully adapt to the market, life is more difficult to sustain, facing reshuffle, unpaid wages, stop production news frequently exposed. A few days ago, according to media reports, Changfeng Cheetah has been exposed to implement measures to cut employees' wages and stop production in the factory because of serious operating losses. According to an internal meeting minute document issued on May 29, Changfeng Group.

  Automobile 2019-08-04