Foton Motor announced: Baowo Automobile officially declared bankruptcy. What is the cause of bankruptcy?

The real cause of bankruptcy is the inability to repay these debts because of insolvency.

The manager of Baowo Company has no money to make up for these difficulties when evaluating assets. Therefore, under such circumstances, we can only choose bankruptcy. Expensive is good, good is expensive, but it is unsustainable in the market. Because of the problem of capital exhaustion, the company was insolvent, and finally the company declared bankruptcy and issued an announcement. From the bankruptcy of Baowo, we can see the importance of core technology.

The reason for bankruptcy is insolvency and inability to repay debts.

I believe everyone has understood the main reason for the bankruptcy of this company. After liquidation in the bankruptcy stage, it was found that their assets could not make up for the loopholes in these debts. Moreover, it is unable to repay all the debts of the lighter, so this time it officially declared bankruptcy, so this bankruptcy announcement is also called the aging of German cars. Germans are brothers. They say if you roll over, you roll over. They don't even discuss it.

There is no money to make up for the difficulties, so we can only choose bankruptcy.

The manager of Baowo Company has no money to make up for some difficulties when evaluating assets. In this case, he can only choose bankruptcy. There is no money to make up for the difficulties, and there is no money to continue looking for some new technologies, so it is said to be bankrupt. So under such circumstances, they issued a new bankruptcy announcement, and they finally embarked on the road of extinction.

From the bankruptcy of Baowo, we can see the importance of core technology.

We can see the importance of this core system from the bankruptcy of Baowo. This old German brand finally fell, and they also declared bankruptcy. We can't help wondering, how long can those cars like them last after they declare bankruptcy? It can only be said that technology is very important. It is not enough to have determination, no technology and no experience. If you want to be bigger and stronger, you need to continue to work hard and continue to refuel.