However, in sharp contrast to the rising sales of these new car companies, Changjiang Automobile, a car company with new energy vehicle production qualification, declared bankruptcy.
The announcement recently issued by Yuhang District People's Court in Hangzhou shows that Hangzhou Changjiang Automobile Co., Ltd. has been ruled to enter bankruptcy liquidation procedure, and the court will hold the first creditors' meeting on June 26th. 165438.
Li Ka-shing's "chosen son"?
When it comes to Changjiang Automobile, many consumers may not be familiar with it and have never heard of its glorious history.
Changjiang Automobile, formerly known as Hangzhou Bus Factory, was founded in 1954. At first, it was the backbone manufacturer of passenger cars in Hangzhou and even the whole country, but it gradually declined in the middle and late 1990s.
Until 20 13, Changjiang automobile met the "noble" Wulong electric car. Invest 565.438 billion yuan to build five advanced technology production facilities, such as stamping, welding, painting, final assembly and electric control. The factory covers an area of 1 150 mu. Wulong renamed "Hangzhou Bus Factory" as "Hangzhou Changjiang Automobile Co., Ltd." and turned it into its core vehicle manufacturing factory.
Changjiang Automobile was associated with Li Ka-shing at that time. In 20 10, Li Ka-shing, a visionary, began to invest in the new energy automobile industry, becoming the major shareholder of Wulong Electric Vehicle and indirectly becoming the investor of Changjiang Automobile.
With the heavy investment of Wulong and Li Ka-shing's reputation as a "chosen son", in the following time, Changjiang Automobile ushered in its own "peak of life".
On April 20 16, Changjiang automobile released the electric vehicle brand "Changjiang EV". Subsequently, the National Development and Reform Commission issued a document that Changjiang Automobile became the first batch of new energy automobile enterprises in China to receive approval. In February of the following year (65438+), the Ministry of Industry and Information Technology announced the 302nd batch of road motor vehicle manufacturers and product announcements, among which Changjiang Automobile was among them. At this point, Changjiang Automobile officially became the second new energy vehicle-making enterprise with "double qualifications" after BAIC New Energy.
For a time, Changjiang Automobile became the leader of the new energy technology industry, and its scale accelerated. It has set up branches in Guizhou, Shenzhen and Chengdu, attracting a lot of government investment.
Can't hold the "golden rice bowl"
After stepping on the "peak of life", Changjiang Automobile, which already had everything, should have taken off, but unfortunately, the "good days" did not last long.
Due to many reasons such as lack of experience in building cars, Changjiang EV has not been able to achieve mass production and sales, let alone deliver profits, and then entered the passenger car market without results. Subsequently, Great Wall Motor gradually entered the "silent" period.
It was not until 20 18 that Changjiang Automobile made a high-profile appearance at the Beijing Auto Show, launching three passenger cars and six commercial vehicles, hoping to make a big profit. However, this year, the development of new energy vehicles in China is in the ascendant, with hundreds of new energy vehicle enterprises appearing in the market, new energy subsidies began to decline, and the pure electric vehicle market entered a reshuffle period. The uncompetitive Changjiang Automobile began to have financial difficulties, and the concept sports car announced at the auto show was also delayed.
In 20 19, Changjiang automobile, which holds the qualification and factory, changed its direction again and started to OEM for another new car-making company. However, the sales volume of Zero Run itself was not large, so it didn't play much role in the end.
After the development of Changjiang Automobile declined, it gradually exposed a series of incidents such as work stoppage and wage arrears. According to the data, since March this year, Changjiang Automobile has been listed as an executor of dishonesty by Yuhang District People's Procuratorate of Hangzhou, Hangzhou Intermediate People's Court and Dongcheng District People's Procuratorate of Beijing for 65 times, with a total pre-tender price exceeding 235 million yuan.
At the same time, as the major shareholder of Changjiang Automobile, Wulong also fell into the whirlpool of bankruptcy and internal management struggle. Prior to this, Wulong's share price fell repeatedly, and Li Ka-shing slowly withdrew from the list of shareholders of Wulong Electric Vehicle Company. In the end, Wulong was suspended on the Hong Kong Stock Exchange on July 2 this year, with a market value of only HK$ 476 million.
Wulong's own problems are even worse for Changjiang Automobile, which lacks "hematopoietic function", and the ending is only eliminated.
In fact, holding a precious qualification certificate complied with the development trend of new energy technology and caught up with the "morning market", but it ended in bankruptcy. Changjiang Automobile was not the first one. At that time, there were many automobile enterprises with "dual qualifications", including Du Yun New Energy, Jiangling New Energy, Zhi Dou, Changjiang Automobile, Future Automobile, He Zhong New Energy, Jin Kang New Energy and Guoneng Automobile, which have made few outstanding achievements in the sales market at present, and most of them are delisted.
This shows that the "iron rice bowl" of qualification certificate has long faded, and those new energy automobile enterprises that occupy resources but have not produced them are accelerating to be eliminated.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.