Is it "struggling for survival" or "helpless out" for Henan state-owned assets to enter Lv Chi Automobile?

20 19 is the turning point of the new force of making cars. With the decline of subsidies, consumers' enthusiasm for buying electric vehicles has declined, and many new car manufacturers have been out before delivery and shipment. If 20 16 is the golden age for new forces to build cars, then 20 19 is the turning point from prosperity to decline and survival of the fittest.

Recently, "E Car Exchange" learned that due to poor management, the capital chain was broken. Recently, Lv Chi Automobile, as a new force in car manufacturing, has "sold itself" and completed the equity change this month. In the shareholding structure of Lv Chi Automotive Technology Group Co., Ltd. (hereinafter referred to as Lv Chi Automobile), Henan Guotou Enterprise Management Co., Ltd. (hereinafter referred to as Henan Guotou) was added as a shareholder, the registered capital was changed from about 65.438+34.7 million yuan to 3.366 billion yuan, and the enterprise type was changed from a limited liability company (wholly owned by a legal person invested or controlled by a natural person) to other limited liability companies.

Henan SDIC officially entered the company, holding 60% of the shares, becoming the actual controller of Lv Chi Automobile.

"Selling" state-owned assets has become the first new force in building cars.

On March 6, 2020, Lv Chi Automobile completed the equity change, and the investor added Henan SDIC Enterprise Management Co., Ltd. ... After this equity change, Henan SDIC subscribed capital of about 2.02 billion yuan, holding 60% of the shares and becoming the controlling shareholder, while Shenzhen Kyushu Huilian Investment Management Co., Ltd. held 40% of the shares.

According to the survey, this is the first time that the Henan Provincial People's Government has obtained the controlling right of Lv Chi Automobile through indirect means, and the state-owned assets have become the controlling party in the new force of automobile manufacturing.

According to the data, Lv Chi Automotive Technology Group Co., Ltd. was established in August of 20 16 with a registered capital of13.5 billion yuan. Its business scope includes technology development, technology transfer, construction and operation of charging and replacing facilities for new energy vehicles, import and export of goods and technologies, and automobile sales.

As the sole controlling shareholder before, Shenzhen Jiuzhou Huilian Investment Management Co., Ltd. consists of only three investors, namely Cao Hanyuan holds 67.5%, Liu An holds 30%, and Beijing Golden Pilot Asset Management Co., Ltd. holds 2.5%. What needs to be noted in particular is that during the holding period of Kyushu Huilian, Lv Chi Automobile did not make a financing in the four years since its establishment. Looking back, Li Bin, the founder of Weilai, a new car-making force, said that 20 billion cars are just a threshold, and it is really debatable what Lv Chi can do with the registered capital of 654.38+03 billion yuan.

In addition, according to the news circulating on the Internet that Henan Guotou is indirectly held by Sino-American Energy (Hong Kong) Co., Ltd., the actual investor of Sino-American Energy (Hong Kong) Co., Ltd. and the actual investor of Lv Chi Automobile are the same person, and the equity change has not changed substantially. "E-Car Exchange" has also been verified. According to the penetration of equity, it can be seen that Henan SDIC enterprises are state-owned enterprises in Henan Province, including the capital of Pingdingshan Development and Reform Commission. It can be said to be an out-and-out state-owned asset.

Therefore, the suspected actual controller of Lv Chi Automobile is indeed the Henan Provincial People's Government, not Sino-American Energy. This time, changes in equity is Lv Chi Auto "selling" itself to the state-owned assets.

There is no news after the wonderful.

According to rough statistics, there are about 40 mighty new forces in China. But so far, there are only more than 65,438+00 companies, such as Weilai, Weimar, Tucki and Nezha. The delivery has been completed, and most of them are in the stage of PPT building.

Looking back on the history of Lv Chi automobile, 20 18 is its highlight moment.

2065438+2008 1 month, Lv Chi enterprise strategy was released, the first coupe concept car was released, and the first mass production SUV was released.

2065438+June 2008, Lv Chi Automobile Jiujiang New Energy Passenger Car Project was officially signed. It is planned to invest 5.5 billion yuan in Jiujiang Economic Development Zone to build a production base with an annual output of 200,000 new energy electric vehicles. After the completion of the first phase, a workshop with an annual output of 654.38 million vehicles will be formed, and after the completion of the second phase, an annual output of 200,000 vehicles will be realized.

Also in June, Lv Chi Automobile announced to the media that in the future, Lv Chi Automobile will launch three platforms named CC, M and S, and launch new products at the speed of launching a new car in half a year, and launch the first compact SUV model in June 2065438+2009.

20 18, Wang Xiangyin, then co-founder and CEO of Lv Chi Automobile, said that Lv Chi Automobile will obtain the qualification of building a car in parallel through three channels: joint manufacturing (OEM), independent declaration and qualification purchase.

However, in 20 19, it was obvious that the new car could not be launched as planned, but there was a big earthquake at the top of Lv Chi automobile.

From 2065438 to March 2009, the senior management of Lv Chi Automobile changed. Wang Xiangyin, former founder and CEO of Lv Chi Automobile Group, submitted his resignation to the board of directors. Ren Yahui, former executive vice president of Lv Chi Automobile Group, succeeded Wang Xiangyin as CEO of Lv Chi Automobile and became the actual controller of Lv Chi Automobile. The founder gave up Lvchi three years after its establishment, and the meaning behind it is worth pondering.

In May last year, Lv Chi Automobile announced that it would cooperate with Changan to use the idle production capacity of Changan Suzuki, which had already withdrawn from China, to do OEM work for Lv Chi Automobile, which made people feel that the new car is promising, but it has not been reported so far. Later, some netizens posted on the Internet that Lv Chi Auto had been in arrears for several months, and the capital chain was broken, while Jiujiang's production base was still in a state of leveling the land, and no progress has been made so far.

A person close to Lv Chi Auto told E Car Exchange that since the beginning of this year, the related business of Lv Chi Auto has basically stopped, and the internal core team has been in a state of dissolution. After being controlled by the state-owned assets of Henan Province, the core team has been "out".

As for Chang 'an as a foundry, "E Chehui" also interviewed relevant personnel, but has not yet received a formal reply.

Looking back on the development of Lv Chi, many so-called "PPT car factories" have many problems. Financing is scarce or even non-existent, but when it comes to development prospects, it means investing billions, producing hundreds of thousands of factories all over the world. The "sale" of Henan SDIC may be the helpless choice of Lv Chi Automobile in the big environment.

This article comes from car home, the author of the car manufacturer, and does not represent car home's position.