CCTV Finance reported on June 28 that Baiteng burned 8.4 billion yuan and could not build a production car.
According to the report, Baiteng Automobile, the representative of the new force of making cars, is in a business crisis and has been in arrears with employees' wages for four months. According to the news, Baiteng rented the Shanghai office in April and the Beijing office in June 17. Recently, the Nanjing factory was shut down because of arrears in water and electricity.
According to the data, since the establishment of 20 17, * * * has carried out four rounds of financing with a total amount of about 8.4 billion yuan. This means that Baiteng Automobile burned 8.4 billion yuan, but failed to build a production car.
According to the survey data, Baiteng Automobile belongs to Jiangsu Province, and its main investors include Foxconn, Tencent Investment, Harmony Automobile, Tiqi Jinkong, China FAW, Contemporary Ampere Technology Co., Ltd., Marubeni, etc. Its factories are built in Nanjing.
The two founders of Baiteng are Dai Lei and Bi Fukang (Bi Fukang left Baiteng on April 20 19), both of whom are foreigners. Among them, Dai Lei and China have deep roots. He studies Chinese at Nanjing University, and his wife is his classmate at Nanjing University.
Dai Lei, founder of Baiteng
On March 8 this year, Qixia Viewpoint, a new media platform of Qixia District Committee and Government of Nanjing City, Jiangsu Province, issued a document saying: 86.3 billion! Qixia clandestinely pressed the fast forward button of 74 projects!
Among them, Nanjing Zhixing Electric Vehicle Co., Ltd. (FMC), the parent company of Baiteng Automobile, is listed as a representative project of "Advanced Manufacturing Industry" in Jiangsu Province;
Inside the Baiteng factory? Qixia viewpoint was released in March this year.
On March 9, Qixia viewpoint was posted again: accelerate! Qixia 1 1 billion FMC electric vehicle project was completed and put into operation.
Sources told this magazine that the Baiteng Nanjing factory has indeed been built, and about 50 EP prototypes have been produced with soft film in the early stage.
In other words, just three months ago, Baiteng Automobile was "endorsed" by the local government of Jiangsu Province, waving flags and shouting. After its factory was completed in early March, it also produced about 50 EP prototypes.
But in a blink of an eye, Baiteng has developed from a "representative project of advanced manufacturing industry" and a favored son of Jiangsu Province to a new army of car-making on the verge of bankruptcy. The whole process took less than 100 days.
What caused this change? What happened inside Barton? I'm afraid the outside world will never know I guess, as far as the current situation is concerned, the whole new energy automobile industry in Jiangsu Province may be experiencing unprecedented liquidation. Someone must be responsible for this.
Baiteng is not an isolated incident in Jiangsu Province. During the same period, the media reported that its state-owned shareholder Nantong Jiahe, also in Jiangsu, invested 6.6 billion yuan to help it build a car, but Lindsay has only sold 9 cars so far.
On June 23rd, Lindsay Shanghai Branch was sealed up by the court. ?
Previously, according to the real name report of Qiao Yudong, the former senior legal officer of Lindsay Automobile, Wang Xiaolin, the founder of Lindsay Automobile, was suspected of making false technology investment to defraud the actual control of Lindsay Automobile (the main investor was state-owned). After the fermentation of the incident, the information from the outside world showed that Wang Xiaolin had fled to the United States.
According to Tianyancha, the main investor of Lindsay Automobile is Nantong Jiahe (state-owned), and its founder Wang Xiaolin is a Chinese American.
Local government leaders inspected Lindsay.
Also mired in the quagmire is Bojun Automobile from Nanjing. According to media reports, Bojun Automobile has raised more than one billion RMB (the main investor is state-owned), but only a few exhibition cars have been built. At present, Bojun Automobile has been in arrears with employees' wages for more than seven months, and there is no one in the Shanghai office to go to work, facing bankruptcy and liquidation at any time.
According to Tianyancha information, Bojun's main investors are China Merchants, Huai 'an Yuanxing, Sinochem International (state-owned) and Pukou Gaotou (state-owned), and its founder Huang Ximing is a Chinese American.
According to the data, new energy automobile enterprises in Jiangsu Province also include: Nanjing, Jiangsu Min 'an, Future Automobile (Suzhou Factory), Li (Changzhou Manufacturing Base), Land Ark (Jiangsu), Electric (Maple Leaf Automobile), Jingneng New Energy (Nanjing), T3 Travel (all vehicles are new energy) and so on. These new energy car companies (or travel companies) were or still are.
As for new energy vehicles, the industry knows that only 3-5 new energy vehicle enterprises will survive in China in the future. However, since 20 15, nearly 50 domestic enterprises have entered the new energy field under the label of "Internet plus electricity". Up to now, there are nearly 40 new car manufacturers in China, but only 8 of them have sales data, namely Weilai, Ideality, Weimar, Tucki, He Zhong, etc. Among them, only one enterprise related to Jiangsu Province has Ideality. Where will other new energy automobile enterprises in Jiangsu Province go?
Qixia Viewpoint published on March 9 this year, "Accelerate! Qixia 1 1 billion FMC electric vehicle project completed and put into production! "The article writes: FMC's investment in this project is 1 1 100 million yuan, covering an area of 1.200 mu, with a total designed production capacity of 300,000 vehicles. It is expected to achieve the mass production target in the second quarter. Barton's first model "M-byte" was exported from China to the United States in 20021year.
On 20021910+00, Pukou published the article "Total investment reached 26.97 billion yuan". 15 Pukou major project started construction! "The article said: The standardized production workshop project in Core County, with a total investment of 4.5 billion yuan, plans to build a production base with an annual output of 300,000 pure electric vehicles. Upon completion, it is estimated that the annual tax payment will be about 200 million yuan, which will drive about 2,500 people to find jobs.
"202 1 China exports to the United States" and "after completion, it is estimated that the annual tax payment will be about 200 million yuan, which will drive about 2,500 jobs". The original words are still in my ears, and in a blink of an eye these enterprises are on the verge of bankruptcy. ?
From Baiteng to Lindsay, from the future (Jiangsu) to Bojun (Nanjing), from the original "exporting to the United States, increasing taxes and promoting employment" to today's collective unemployment, thousands of employees are owed hundreds of millions of yuan in wages, and many upstream and downstream suppliers are owed project funds, which is tantamount to a disaster.
Whose responsibility is this? Is it an entrepreneur, a department in charge of investment promotion, or an employee trapped inside? I'm afraid only those trapped in it know the situation.
Take history as a mirror. In 2008, the subprime mortgage crisis in the United States was impressive, the American economy was seriously frustrated, and many families were in trouble. But in the beginning, some American politicians thought that owning a house was the first step to realize the American dream. Successive governments have been putting pressure on banks to provide more loans to people who could not afford to buy houses before.
Under the joint promotion of financial innovation and political pressure, a new type of mortgage loan was born in the United States at that time: the down payment was very low or even zero. Poor supervision leads unscrupulous lenders to use borrowers-lenders to provide loans, but borrowers are not required to submit relevant materials, such as income certificates or asset certificates.
The increase in the number of buyers has pushed up housing prices, leading to overheating in the market. Subsequently, the famous "subprime mortgage crisis" broke out in American history, which directly led to the bankruptcy of Lehman Brothers with a history of 1.58 years, and triggered a financial crisis that led to the global economic recession.
It's almost ten years since the subprime mortgage crisis in the United States. New energy vehicles in China are booming, and huge amounts of money are pouring into this field. But who is the doer who can really build a competitive brand of new energy vehicles? No one can really know the Pearl. A large number of profit-seekers poured in, and the market's discrimination lost its direction in chaos, and the crisis broke out.
Fortunately, the scale of this new energy crisis is much smaller than that of American subprime mortgage crisis. But how to clean up this mess is a test for industry regulators and all participants.
For ordinary people, at the right time, choosing the right industry, choosing the right boss and stopping loss when they realize their mistakes are probably the only truth that this crisis can teach them.
Last reading:
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This article comes from car home, the author of the car manufacturer, and does not represent car home's position.