01. Financing is here Daley: burn out 8 billion yuan and make no cars
On the evening of June 28, according to CCTV finance and economics report, byton automobile was in arrears with employees salaries for four months. In addition, the rent of beitengs Shanghai office was removed in April, and Beijings office was removed on June 17. Recently, the Nanjing factory was shut down due to the lack of water and electricity.
Prior to that, according to people familiar with the matter, Dai Lei, CEO of byton automobile, said at an employee meeting held on June 1 that he currently owed about 90 million yuan (three months wages) of his employees.
In May 2019, byton announced that it would complete round C financing in the middle of the year, and has been supported by a number of powerful institutions. Subsequently, it was reported that byton financing will introduce about $500 million at the end of June. In January this year, the relevant person in charge of byton said that the round of financing has entered the final stage, but so far it has not been in place.
It is worth noting that the name of FAW Huali has been changed to Nanjing Zhixing in the announcement on road motor vehicle manufacturers and products (batch 333) issued by the Ministry of industry and information technology on May 22, 2020. This means that byton has been officially qualified for production.
Wang Xiaolin, who was reported to have embezzled 6.6 billion state assets
On July 20, 2019, Jiangsu sailin Automobile Technology Co., Ltd. (hereinafter referred to as Jiangsu sailin), which held a press conference in the birds nest with a large sum of money, exploded all the way after being reported by the former legal department.
In recent days, Wang Xiaolin and Qiao Yudong have their own opinions in media interviews. Wang Xiaolin, who said that he could not buy tickets, had been in the United States for a long time, but had not returned to China to face the crisis of sailin.
The flagship store of sailin Maimai auto tmall has been cancelled and closed a few days ago. The total sales volume of this car is only 9.
03. Huang Ximing, running America
On June 24, phoenix.com, citing people familiar with the matter, reported that Huang Ximing, founder of Bojun automobile, had arrived in the United States and said he would not return to China.
According to the agreement, within 30 days after obtaining the business license, Bojun automobile will complete the down payment of 1 billion yuan, and the rest will be paid within 6 months.
Bojun automobiles capital crisis broke out, and then the companys business stopped, and employees compensation and rights protection incidents occurred frequently.
On June 13, Huang Ximing said in an open letter that Bojun Motor Co., Ltd. has encountered serious business difficulties, causing actual losses and adverse effects on the development of employees, shareholders, suppliers, local governments and partners, and expressed deep apology and self blame for this.
The iv6 and iv7, which are close to mass production in huangximingkou, were originally planned to be produced by Tianjin Bojun. According to media reports, the factory of xiazhongduo has not been put into operation since its establishment.
04. Godfather Jia Yuetings back wave
The unicorn enterprises that are optimistic in the industry have won a lot of chicken feathers, and new auto companies such as Byron, sailin and Bojun are performing similar scripts. This also reflects the current survival situation of the new forces.
@ Yang Dayun, Jun Zis words: playing with the concept, without core technology, is a common failing of these car companies. Just adding a new LOGO to the concept and assembly car is the future, which is a beautiful bubble. The bubble will burst. Its only a matter of time!
@A long time ago, experts in the automobile industry said that this is a series of assembly line production projects. It does not mean that whoever has money can squeeze in. Without upstream and downstream industrial chain, it is just a water drift to throw in tens of billions of money.
@Yabihuo: how many companies can build cars in a down-to-earth manner? Its just natural to be eliminated.
The new forces have been up and down in the Chinese market for five years. Jia Yueting is regarded as one of the representatives who formally moved the dream of new forces to the center of the stage.
From the end of 2015, LETV announced the see plan to the debut of the first product ffzero1 concept car in January 2016, the industry has cheered for it. As a result, nearly 50 players rush in.
Ppt style passionate speech has become the standard configuration of Jia Yueting people. At that time, capital was willing to pay for a good story.
Zhong Shi, an analyst in the automobile industry, believes that the so-called new force is only a concept, which is different from traditional automobile enterprises. One is that they prefer pure electric field, and the other is that the technology of intelligent network connection is more widely used. In essence, car making is car making, and the production line is the same.
And the whole industry chain of capital investment, to this day, still let new forces of car companies have fallen on the road of financing.
Zhang Xiang, an auto industry analyst, once told Zhongxin Jingwei reporter that the industry chain of car making is very long, and it is not enough to think only through Internet. It needs strong financial support to integrate the upstream and downstream supplier systems. In addition, the research and development of vehicle parts system also needs a lot of talent investment. Li Bin, CEO of Weilai Automobile Co., Ltd., once gave a threshold of 20 billion yuan. As one of the leading new forces in China, Weilai, which was established in 2014, has yet to realize the normalization of gross profit rate. According to the monthly data of the Travel Association, in May this year, only eight new forces, including Weilai, ideality, Weima, Xiaopeng, Hezhong, Xinte, guozhijun and Lingtu, sold new cars. Many industry insiders predict that only a few of the new force auto enterprises can survive in the future. The epidemic will accelerate the shuffle process. Source: editor in charge of Sino Singapore Jingwei: Yang Qian_ NF4425
Zhang Xiang, an auto industry analyst, once told Zhongxin Jingwei reporter that the industry chain of car making is very long, and it is not enough to think only through Internet. It needs strong financial support to integrate the upstream and downstream supplier systems. In addition, the research and development of vehicle parts system also needs a lot of talent investment.
Li Bin, CEO of Weilai Automobile Co., Ltd., once gave a threshold of 20 billion yuan. As one of the leading new forces in China, Weilai, which was established in 2014, has yet to realize the normalization of gross profit rate.