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  Details of the fourth batch of subsidies for new energy vehicles to be allocated by Beijing in 2019

  The Beijing Municipal Bureau of economy and Information Technology issued a public announcement on the financial subsidy funds for the fourth batch of new energy vehicles. A total of 748 new energy vehicles involving seven enterprises will be allocated 34.4142 million yuan. Among them, passenger car companies include Chery, BAIC, SAIC and Jianghuai. BAIC accounted for most of the subsidy funds, reaching 25.633 million yuan. It is understood that this publicity is in accordance with the Beijing Municipal notice on the Adjustment of relevant policies on the demonstration and Application of New Energy minibuses in Beijing (Jing Kefa No. 1 (2017) No. 25), and the detailed rules for the Management of Financial subsidy funds for Beijing demonstration and Application of New Energy minibuses (revised).

  Automobile Beijing New Energy New Energy vehicle 2019 2019-06-15
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  Notice: Sailin Chairman Wang Xiaolin misappropriated huge funds, and the public security organ has filed a case for investigation.

  On the evening of July 2, the Management Committee of Jiangsu Rugao Economic and technological Development Zone issued a "Circular." According to the "situation Bulletin," after audit and verification by Nantong Jiahe Technology Investment and Development Co., Ltd. (hereinafter referred to as "Nantong Jiahe"), it was found that Jiangsu Sailin Chairman and CEO Wang Xiaolin and others were suspected of providing false certification documents, misappropriating huge funds of Jiangsu Sailin by taking advantage of his position, and other important clues. Nantong Jiahe promptly reported the case to the public security organs, which have accepted and are investigating the suspected crimes committed by relevant personnel in accordance with the law. For Jiangsu Rugao Economic and technological Development Zone Management Committee issued the "Information Bulletin", 7.

  Sailin car Boxun car Baiteng car 2020-07-03
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  Carlos Ghosn is accused of embezzling public funds for personal use, spending 700000 dollars on private parties

  A YouTube video believed to be a big party hosted by Carlos Ghosn at Versailles in Paris on March 6, 2014 drew auditors' attention to Renault Nissan alliance spending. Carlos Ghosn and his supporters said the party was held to celebrate the 15th anniversary of the Renault Nissan Union, but it was held on his 60th birthday. Of the 160 guests present, Nissan or Renault had only a small number of executives. The video undermines Ghosn's efforts to improve his public image after he was arrested in Tokyo last November, accusing him of concealing tens of millions of dollars.

  Ghosn 2019-05-16
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  With an additional 5 million yuan, the user trust raised special funds to fight the new type of pneumonia.

  Under this ruthless COVID-19 epidemic, a number of Chinese and foreign automobile companies have donated and purchased medical materials to support our country in fighting the epidemic. As of the evening of the 28th, more than 30 automobile companies had made donations. However, Tesla only opened free overcharge, as well as Weilai donated 300000 yuan of medical supplies caused extensive discussion among netizens. Netizens have different opinions. Many netizens think that such a large enterprise only donates so little, it seems that there is a serious shortage of money. There are also some netizens said that as long as it is to do public welfare and charity is very good. In view of the pneumonia epidemic, Weilai added 5 million yuan of special fund, Yulai user letter.

  Xilai Automobile Wuhan China 2020-01-29
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  Lifan's account is frozen and unable to repay its debts, and its financial situation is worrying.

  Sales decline, performance losses, factory shutdown, deep debt, Lifan suffered the biggest crisis in history. On December 17, Lifan shares announced that the company used 449 million yuan of idle funds raised by the previous non-public offering shares to temporarily replenish 10 million yuan of the working capital on December 17, 2019. Because the special account of raising funds opened by the company related to the previous non-public offering shares has all been frozen, in order to ensure the safety of the company's funds, it is temporarily unable to return to the raising fund account. In addition, Lifan due to financial constraints, part of the funds raised before has not yet been bad, delinquent so far. In the announcement, Lifan said.

  Lifan 2019-12-18
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  It is exposed that the terms of IPO competition: eight major investment banks are prohibited from raising funds for competitors.

  On September 13, 2018, Weilai Motor listed on the New York Stock Exchange, becoming the first Chinese electric vehicle listed in the United States and the second major electric vehicle manufacturer to conduct an IPO after Tesla, mainly to raise funds. With the sharp decline in subsidies for new energy vehicles in China, many new car-building forces are also seeking to go public to raise further funds. Xilai has blocked eight of the world's top investment banks for its IPO from serving competitors through a rare year-long non-compete clause, according to Reuters, citing sources. At that time, Xilai hired Bank of America Merrill Lynch, Citigroup, Credit Suisse and Germany.

  2019-03-30
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  Notice from Dongfeng discipline Inspection Commission! Several executives broke the rules.

  On January 9, the discipline Inspection Commission of Dongfeng Company released that in order to consolidate, expand and implement the spiritual achievements of the eight central regulations, and continue to create a festive atmosphere, the company's discipline inspection commissions at all levels recently investigated and dealt with six typical problems that violated the spirit of the eight central regulations. Details are as follows: first, the former Party of Dongfeng Liuzhou Automobile Co., Ltd.

  Company problem management Dongfeng violation service object limited limited management service successively gift money violation of discipline public funds gifts 2023-01-09
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  Dongfeng Company reports 4 violations

  Dongfeng Company said on official account on September 18 that it was approaching the Mid-Autumn Festival National Day holiday, in order to further tighten discipline, strengthen warning education, and actively create a fresh and healthy festive atmosphere. The four typical problems in violation of the spirit of the eight central regulations recently investigated and dealt with by the discipline inspection commissions at all levels of the company are as follows: first, Dongfeng Honda Auto parts Co., Ltd. manufactured an equipment department engine preservation department, and Jinjie, the former head of the department, illegally received gifts. From 2012 to 2018, Jinjie received cash red envelopes from management clients 14 times during the Spring Festival and Mid-Autumn Festival, totaling 43200 yuan. In July 2021, Jin Jie suffered.

  Dongfeng automobile 2021-09-18
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  Supreme Procurator: Qi Yumin, former chairman of brilliance Group, was prosecuted.

  According to the Supreme people's Procuratorate, Qi Yumin, former party committee secretary and chairman of brilliance Automobile Group Holdings Co., Ltd., was suspected of accepting bribes, misappropriating public funds, and abusing power by personnel of state-owned companies. The case was designated by the Liaoning Provincial people's Procuratorate and prosecuted by the Chaoyang people's Procuratorate to the Chaoyang Intermediate people's Court in accordance with the law. During the stage of examination and prosecution, the procuratorial organs informed the defendant Qi Yumin of the litigation rights enjoyed by Qi Yumin in accordance with the law, questioned the defendant in accordance with the law, and listened to the opinions of the defender. Chaoyang people's Procuratorate sued that the defendant Qi Yumin served as assistant to the general manager and director of the Planning Department, deputy general manager and general manager of Dazhong Group.

  Brilliance car 2021-07-24
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  Local subsidies for new energy vehicles in Shenzhen have been withdrawn, and there is no purchase subsidy for new cars.

  Local subsidies for new energy vehicles in Shenzhen are withdrawn. On February 18, the Shenzhen Municipal Development and Reform Commission issued the latest detailed rules for the implementation of Financial subsidies for the Promotion and Application of New Energy vehicles, pointing out that new energy vehicles licensed after August 7, 2019 will no longer be subsidized for purchase. Full text of the policy: the detailed rules for the implementation of financial subsidies for the promotion and application of new energy vehicles in Shenzhen from 2019 to 2020 are to implement the notice of the Development and Reform Commission of the Ministry of Industry and Information Technology of the Ministry of Finance on further improving the financial subsidy policy for the promotion and application of new energy vehicles (Caijian (2019) 138C) (hereinafter referred to as Caijian (2019) 138C).

  New energy sources 2020-02-22
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  Sudden: analysts suspected of insider trading in well-off shares are investigated

  Last night, social media issued strong news that many people, including Chen long, the former chief strategist of Zhongtai Securities Research Institute, were arrested, including public fund managers and relevant core employees of a large state-owned company in joint hype. Suspected of manipulating securities and insider trading, and the listed company involved in the news is a well-off stock that cooperates with Huawei to build cars.

  Insider trading of well-off shares 2022-01-18
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  The state issued 13.7 billion new energy subsidies, and BYD took more than 4 billion.

  The list of subsidies for ​ new energy vehicles was officially released today to see which car companies receive the most subsidies. The Ministry of Industry and Information Technology issued a public notice on the liquidation and examination of subsidy funds for the promotion and application of new energy vehicles in 2017. about 400000 New year energy vehicles were subsidized by enterprises, involving 13.696 billion of the subsidy funds. BYD is still the big winner of this subsidy.

  BYD 2021-03-17
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  Liaoning Procuratorate: decision to arrest Qi Yumin, former Chairman of brilliance Motor

  According to official information released by the Liaoning Provincial people's Procuratorate, Qi Yumin, former party committee secretary and chairman of brilliance Automobile Group Holdings Co., Ltd., was suspected of accepting bribes, misappropriating public funds and abusing power by personnel of a state-owned company. Liaoning Provincial Supervisory Commission investigated and transferred to the procuratorial organs for examination and prosecution. The jurisdiction designated by the Liaoning Provincial people's Procuratorate shall be examined and prosecuted by the Chaoyang people's Procuratorate. A few days ago, the Chaoyang people's Procuratorate made a decision to arrest Qi Yumin on suspicion of accepting bribes, embezzlement of public funds, and abuse of power by personnel of state-owned companies. According to official data, Qi Yumin was born in January 1959 and worked in August 1982.

  Brilliance car 2021-06-19
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  The national new energy subsidy, BYD's family gets nearly 4 billion.

  On September 6th, the Ministry of Industry and Information Technology issued the announcement on the preliminary examination of the liquidation and examination of subsidy funds for the promotion and application of new energy vehicles in 2016-2020. According to the public announcement, the sale of 1.0974 million new energy vehicles was completed from 2016 to 2020, with a total subsidy of 32.946 billion yuan after the whole vehicle enterprises were restructured. From the perspective of car companies, BYD, BAIC, Dongfeng Motor, Tesla, Chery, Geely Automobile, Great Wall Motor, SAIC and Guangzhou Automobile will receive more than 1 billion yuan in subsidy funds in this liquidation. BYD can get a subsidy of 3.98 billion yuan. In 2020, the enterprise.

  BYD 2021-09-07
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  Geely Group sets up 200 million yuan special fund for prevention and control of new pneumonia

  The epidemic situation of COVID-19 is changing every day, affecting the hearts of every Chinese. Today, Geely officially announced that it will work with the Li Shufu Public Welfare Foundation to set up a 200 million yuan special fund for the prevention and control of the new type of pneumonia, which will be used to support the prevention and control of the epidemic in Hubei, Guangdong, Zhejiang, Henan and other areas with serious new types of pneumonia. At the same time, Geely said it would further expand the size of the special fund in due course according to the needs of epidemic prevention and control.

  Geely Group 2020-01-28
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  FAW / Volkswagen additional tens of millions of donations, automobile enterprises anti-epidemic donation list (updated on the 2nd)

  In view of viral pneumonia, all kinds of enterprises in the automotive industry have contributed their efforts, donating funds, rescue materials, negative pressure ambulances, and so on to support the anti-epidemic work. In addition, BYD, Geely, Chery, Hyundai, and others have purchased medical materials from overseas and sent them back to China, thus sending the scarce materials to the front at the first time through various channels.

  BAIC pneumonia epidemic situation automobile industry 2020-02-02
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  More than 250 million US dollars in investment! A new force of car building is rumored to be holding hands with local tycoons in the Middle East.

  Recently, according to media reports, Saudi Arabia's sovereign wealth fund Saudi Public Investment Fund (PIF) is in talks with Gaohe's parent company, Chinese Express, to invest at least $250 million. In addition, according to a person familiar with the matter, Chinese Express hopes to raise up to 1 billion US dollars from private investors for Canada.

  Automobile Saudi Arabia Chinese American Express Investment Market aspect Cooperation Global Brand Middle East both sides Fund Strategy sales 2023-11-09
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  Nezha Automobile lost 4.2 billion yuan in two years, and 360 gave up the capital increase.

  On the evening of June 26, 360 Group issued an announcement to the public. According to the announcement, 360's wholly-owned subsidiary 360 Private Equity Fund plans to transfer its 3.53% equity stake in Nahan Automobile to two limited partnerships, with a corresponding capital increase of 1 billion yuan. After the completion of the equity transfer, 3

  Car investment company equity selling price announcement power team fund model financing loss enterprise under 2022-06-27
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  FF received more than 250 million investment from BNP Paribas

  On Aug. 30, BNP Paribas Energy Transformation Fund invested $40 million (about 250 million yuan) in FF on behalf of BNP Paribas Asset Management, according to Faraday Future filings with the Securities and Exchange Commission (SEC). It is understood that BNP Paribas Energy Transformation Fund is one of the investors in FF listed PIPE. At present, BNP Paribas Asset Management has 445 billion euros of assets under management, which is the investment management business of BNP Paribas, a large international financial institution, and ranks among the top 30 fund companies in the world. Last month, Jia Yueting built it all by himself.

  FF 2021-08-30
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  Ministry of Industry and Information Technology: the subsidy for new energy exceeded 13.7 billion yuan in 2018, and BYD won 3.63 billion yuan.

  The Ministry of Industry and Information Technology issued a public notice on the examination and approval of the advance allocation of subsidy funds for new energy vehicles in 2018, according to the document, which showed that the subsidy funds for new energy vehicles totaled 13.778 billion yuan in 2018. According to the automobile enterprises published in the documents, BYD is the car company that receives the most subsidy funds for new energy vehicles, of which BYD Automobile Co., Ltd. received 1.98 billion yuan, BYD Automobile Industry Co., Ltd. received 1.65 billion yuan, and BYD Automobile Industry Co., Ltd. Changsha Branch received 1.26 million yuan, totaling 3.63 billion yuan. In November this year, BYD sold new energy vehicles.

  Ministry of Industry and Information Technology 2019-12-11