Per reporter: Li Xing Per editor: Sun Lei
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Niuchuang plans to "rent first and buy later" for Jintan production base
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Niuchuang plans to "rent first and buy later" for Jintan production base
Compared with the transfer problem of BYD's production qualifications, Niu Chuangxin Energy, which is rumored to have "won" the Jintan production base of Mahayana Automobile, does not have this distress. "Although Niu Chuangxin Energy is only leased in the Mahayana Automobile Industrial Park, its production qualification has been used by Niu Chuangxin Energy." The above-mentioned insiders close to Niu Chuangxin Energy said that Niu Chuangxin Energy's first mass production car will not be delivered until next year, and production has not yet officially started.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Niuchuang plans to "rent first and buy later" for Jintan production base
Compared with the transfer problem of BYD's production qualifications, Niu Chuangxin Energy, which is rumored to have "won" the Jintan production base of Mahayana Automobile, does not have this distress. "Although Niu Chuangxin Energy is only leased in the Mahayana Automobile Industrial Park, its production qualification has been used by Niu Chuangxin Energy." The above-mentioned insiders close to Niu Chuangxin Energy said that Niu Chuangxin Energy's first mass production car will not be delivered until next year, and production has not yet officially started.
On December 15, Niu Chuangxin Energy released the English brand "NIUTRON" and the Chinese brand "Self-Touring", and the first product, Self-Tourism NV, is scheduled to be listed in the first half of 2022 and accepts reservations, and the delivery will start in September of the same year.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Niuchuang plans to "rent first and buy later" for Jintan production base
Compared with the transfer problem of BYD's production qualifications, Niu Chuangxin Energy, which is rumored to have "won" the Jintan production base of Mahayana Automobile, does not have this distress. "Although Niu Chuangxin Energy is only leased in the Mahayana Automobile Industrial Park, its production qualification has been used by Niu Chuangxin Energy." The above-mentioned insiders close to Niu Chuangxin Energy said that Niu Chuangxin Energy's first mass production car will not be delivered until next year, and production has not yet officially started.
On December 15, Niu Chuangxin Energy released the English brand "NIUTRON" and the Chinese brand "Self-Touring", and the first product, Self-Tourism NV, is scheduled to be listed in the first half of 2022 and accepts reservations, and the delivery will start in September of the same year.
Image source: Courtesy of the enterprise
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Niuchuang plans to "rent first and buy later" for Jintan production base
Compared with the transfer problem of BYD's production qualifications, Niu Chuangxin Energy, which is rumored to have "won" the Jintan production base of Mahayana Automobile, does not have this distress. "Although Niu Chuangxin Energy is only leased in the Mahayana Automobile Industrial Park, its production qualification has been used by Niu Chuangxin Energy." The above-mentioned insiders close to Niu Chuangxin Energy said that Niu Chuangxin Energy's first mass production car will not be delivered until next year, and production has not yet officially started.
On December 15, Niu Chuangxin Energy released the English brand "NIUTRON" and the Chinese brand "Self-Touring", and the first product, Self-Tourism NV, is scheduled to be listed in the first half of 2022 and accepts reservations, and the delivery will start in September of the same year.
Image source: Courtesy of the enterprise
Qixinbao data shows that on October 27, 2020, Changzhou Niuchuang Technology Co., Ltd. completed registration; in December 2020, Jiangsu Niuxin Energy Technology Co., Ltd. completed registration. The registered places of these two companies are located in the Jintan production base of Mahayana Automobile, and the founders are Li Yinan, the former founder of Xiaoniu Electric.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Niuchuang plans to "rent first and buy later" for Jintan production base
Compared with the transfer problem of BYD's production qualifications, Niu Chuangxin Energy, which is rumored to have "won" the Jintan production base of Mahayana Automobile, does not have this distress. "Although Niu Chuangxin Energy is only leased in the Mahayana Automobile Industrial Park, its production qualification has been used by Niu Chuangxin Energy." The above-mentioned insiders close to Niu Chuangxin Energy said that Niu Chuangxin Energy's first mass production car will not be delivered until next year, and production has not yet officially started.
On December 15, Niu Chuangxin Energy released the English brand "NIUTRON" and the Chinese brand "Self-Touring", and the first product, Self-Tourism NV, is scheduled to be listed in the first half of 2022 and accepts reservations, and the delivery will start in September of the same year.
Image source: Courtesy of the enterprise
Qixinbao data shows that on October 27, 2020, Changzhou Niuchuang Technology Co., Ltd. completed registration; in December 2020, Jiangsu Niuxin Energy Technology Co., Ltd. completed registration. The registered places of these two companies are located in the Jintan production base of Mahayana Automobile, and the founders are Li Yinan, the former founder of Xiaoniu Electric.
According to the above-mentioned insiders close to Niu Chuangxin Energy, at present, Niu Chuangxin Energy uses the Mahayana Automobile Technology Industrial Park located in Jintan by leasing, and some employees of the company have officially worked here. "Until now, we have not officially bought the Jintan production base of Mahayana Automobile, and we plan to 'rent first and buy later'." Niu Chuangxin Energy related staff told reporters that the specific time will be bought, it is not known at present, can only say that it will choose the opportunity to buy.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Niuchuang plans to "rent first and buy later" for Jintan production base
Compared with the transfer problem of BYD's production qualifications, Niu Chuangxin Energy, which is rumored to have "won" the Jintan production base of Mahayana Automobile, does not have this distress. "Although Niu Chuangxin Energy is only leased in the Mahayana Automobile Industrial Park, its production qualification has been used by Niu Chuangxin Energy." The above-mentioned insiders close to Niu Chuangxin Energy said that Niu Chuangxin Energy's first mass production car will not be delivered until next year, and production has not yet officially started.
On December 15, Niu Chuangxin Energy released the English brand "NIUTRON" and the Chinese brand "Self-Touring", and the first product, Self-Tourism NV, is scheduled to be listed in the first half of 2022 and accepts reservations, and the delivery will start in September of the same year.
Image source: Courtesy of the enterprise
Qixinbao data shows that on October 27, 2020, Changzhou Niuchuang Technology Co., Ltd. completed registration; in December 2020, Jiangsu Niuxin Energy Technology Co., Ltd. completed registration. The registered places of these two companies are located in the Jintan production base of Mahayana Automobile, and the founders are Li Yinan, the former founder of Xiaoniu Electric.
According to the above-mentioned insiders close to Niu Chuangxin Energy, at present, Niu Chuangxin Energy uses the Mahayana Automobile Technology Industrial Park located in Jintan by leasing, and some employees of the company have officially worked here. "Until now, we have not officially bought the Jintan production base of Mahayana Automobile, and we plan to 'rent first and buy later'." Niu Chuangxin Energy related staff told reporters that the specific time will be bought, it is not known at present, can only say that it will choose the opportunity to buy.
It is reported that in order to solve the problem of production qualifications, Li Yinan planned to achieve cross-border car manufacturing through the acquisition of BAIC BJEV Changzhou plant before choosing Mahayana, and the two sides have negotiated on the acquisition. "Li Yinan did go to the BAIC BJEV Changzhou plant, but he only went to understand it, and did not talk about the acquisition at all." The above-mentioned insiders close to Niu Innovative Energy said that for Niu Innovative Energy, compared with the Production Base of Mahayana Automobile, the production capacity of BAIC BJEV Changzhou Factory is a bit small.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Niuchuang plans to "rent first and buy later" for Jintan production base
Compared with the transfer problem of BYD's production qualifications, Niu Chuangxin Energy, which is rumored to have "won" the Jintan production base of Mahayana Automobile, does not have this distress. "Although Niu Chuangxin Energy is only leased in the Mahayana Automobile Industrial Park, its production qualification has been used by Niu Chuangxin Energy." The above-mentioned insiders close to Niu Chuangxin Energy said that Niu Chuangxin Energy's first mass production car will not be delivered until next year, and production has not yet officially started.
On December 15, Niu Chuangxin Energy released the English brand "NIUTRON" and the Chinese brand "Self-Touring", and the first product, Self-Tourism NV, is scheduled to be listed in the first half of 2022 and accepts reservations, and the delivery will start in September of the same year.
Image source: Courtesy of the enterprise
Qixinbao data shows that on October 27, 2020, Changzhou Niuchuang Technology Co., Ltd. completed registration; in December 2020, Jiangsu Niuxin Energy Technology Co., Ltd. completed registration. The registered places of these two companies are located in the Jintan production base of Mahayana Automobile, and the founders are Li Yinan, the former founder of Xiaoniu Electric.
According to the above-mentioned insiders close to Niu Chuangxin Energy, at present, Niu Chuangxin Energy uses the Mahayana Automobile Technology Industrial Park located in Jintan by leasing, and some employees of the company have officially worked here. "Until now, we have not officially bought the Jintan production base of Mahayana Automobile, and we plan to 'rent first and buy later'." Niu Chuangxin Energy related staff told reporters that the specific time will be bought, it is not known at present, can only say that it will choose the opportunity to buy.
It is reported that in order to solve the problem of production qualifications, Li Yinan planned to achieve cross-border car manufacturing through the acquisition of BAIC BJEV Changzhou plant before choosing Mahayana, and the two sides have negotiated on the acquisition. "Li Yinan did go to the BAIC BJEV Changzhou plant, but he only went to understand it, and did not talk about the acquisition at all." The above-mentioned insiders close to Niu Innovative Energy said that for Niu Innovative Energy, compared with the Production Base of Mahayana Automobile, the production capacity of BAIC BJEV Changzhou Factory is a bit small.
According to public information, the first phase of the BAIC BJEV Changzhou plant project has formed an annual production capacity of 50,000 new energy vehicles. According to Li Yinan, Niu Innovation Energy Changzhou plant covers an area of 770,000 square meters, and the overall design capacity is 180,000 vehicles / year.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Niuchuang plans to "rent first and buy later" for Jintan production base
Compared with the transfer problem of BYD's production qualifications, Niu Chuangxin Energy, which is rumored to have "won" the Jintan production base of Mahayana Automobile, does not have this distress. "Although Niu Chuangxin Energy is only leased in the Mahayana Automobile Industrial Park, its production qualification has been used by Niu Chuangxin Energy." The above-mentioned insiders close to Niu Chuangxin Energy said that Niu Chuangxin Energy's first mass production car will not be delivered until next year, and production has not yet officially started.
On December 15, Niu Chuangxin Energy released the English brand "NIUTRON" and the Chinese brand "Self-Touring", and the first product, Self-Tourism NV, is scheduled to be listed in the first half of 2022 and accepts reservations, and the delivery will start in September of the same year.
Image source: Courtesy of the enterprise
Qixinbao data shows that on October 27, 2020, Changzhou Niuchuang Technology Co., Ltd. completed registration; in December 2020, Jiangsu Niuxin Energy Technology Co., Ltd. completed registration. The registered places of these two companies are located in the Jintan production base of Mahayana Automobile, and the founders are Li Yinan, the former founder of Xiaoniu Electric.
According to the above-mentioned insiders close to Niu Chuangxin Energy, at present, Niu Chuangxin Energy uses the Mahayana Automobile Technology Industrial Park located in Jintan by leasing, and some employees of the company have officially worked here. "Until now, we have not officially bought the Jintan production base of Mahayana Automobile, and we plan to 'rent first and buy later'." Niu Chuangxin Energy related staff told reporters that the specific time will be bought, it is not known at present, can only say that it will choose the opportunity to buy.
It is reported that in order to solve the problem of production qualifications, Li Yinan planned to achieve cross-border car manufacturing through the acquisition of BAIC BJEV Changzhou plant before choosing Mahayana, and the two sides have negotiated on the acquisition. "Li Yinan did go to the BAIC BJEV Changzhou plant, but he only went to understand it, and did not talk about the acquisition at all." The above-mentioned insiders close to Niu Innovative Energy said that for Niu Innovative Energy, compared with the Production Base of Mahayana Automobile, the production capacity of BAIC BJEV Changzhou Factory is a bit small.
According to public information, the first phase of the BAIC BJEV Changzhou plant project has formed an annual production capacity of 50,000 new energy vehicles. According to Li Yinan, Niu Innovation Energy Changzhou plant covers an area of 770,000 square meters, and the overall design capacity is 180,000 vehicles / year.
At present, the Jintan production base of Mahayana Automobile has been basically completed, and the production equipment in the plant is in a normal production state, but it has been idle for a period of time. "The Jintan factory of Mahayana Automobile already has four major process workshops, and after Niu Chuangxin Energy takes over, it only needs to be rebuilt and upgraded on the existing basis, so that Niu Chuangxin Energy can achieve mass production more quickly with less capital." The above-mentioned insider close to Niu Innovative Energy said.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Niuchuang plans to "rent first and buy later" for Jintan production base
Compared with the transfer problem of BYD's production qualifications, Niu Chuangxin Energy, which is rumored to have "won" the Jintan production base of Mahayana Automobile, does not have this distress. "Although Niu Chuangxin Energy is only leased in the Mahayana Automobile Industrial Park, its production qualification has been used by Niu Chuangxin Energy." The above-mentioned insiders close to Niu Chuangxin Energy said that Niu Chuangxin Energy's first mass production car will not be delivered until next year, and production has not yet officially started.
On December 15, Niu Chuangxin Energy released the English brand "NIUTRON" and the Chinese brand "Self-Touring", and the first product, Self-Tourism NV, is scheduled to be listed in the first half of 2022 and accepts reservations, and the delivery will start in September of the same year.
Image source: Courtesy of the enterprise
Qixinbao data shows that on October 27, 2020, Changzhou Niuchuang Technology Co., Ltd. completed registration; in December 2020, Jiangsu Niuxin Energy Technology Co., Ltd. completed registration. The registered places of these two companies are located in the Jintan production base of Mahayana Automobile, and the founders are Li Yinan, the former founder of Xiaoniu Electric.
According to the above-mentioned insiders close to Niu Chuangxin Energy, at present, Niu Chuangxin Energy uses the Mahayana Automobile Technology Industrial Park located in Jintan by leasing, and some employees of the company have officially worked here. "Until now, we have not officially bought the Jintan production base of Mahayana Automobile, and we plan to 'rent first and buy later'." Niu Chuangxin Energy related staff told reporters that the specific time will be bought, it is not known at present, can only say that it will choose the opportunity to buy.
It is reported that in order to solve the problem of production qualifications, Li Yinan planned to achieve cross-border car manufacturing through the acquisition of BAIC BJEV Changzhou plant before choosing Mahayana, and the two sides have negotiated on the acquisition. "Li Yinan did go to the BAIC BJEV Changzhou plant, but he only went to understand it, and did not talk about the acquisition at all." The above-mentioned insiders close to Niu Innovative Energy said that for Niu Innovative Energy, compared with the Production Base of Mahayana Automobile, the production capacity of BAIC BJEV Changzhou Factory is a bit small.
According to public information, the first phase of the BAIC BJEV Changzhou plant project has formed an annual production capacity of 50,000 new energy vehicles. According to Li Yinan, Niu Innovation Energy Changzhou plant covers an area of 770,000 square meters, and the overall design capacity is 180,000 vehicles / year.
At present, the Jintan production base of Mahayana Automobile has been basically completed, and the production equipment in the plant is in a normal production state, but it has been idle for a period of time. "The Jintan factory of Mahayana Automobile already has four major process workshops, and after Niu Chuangxin Energy takes over, it only needs to be rebuilt and upgraded on the existing basis, so that Niu Chuangxin Energy can achieve mass production more quickly with less capital." The above-mentioned insider close to Niu Innovative Energy said.
According to Li Yinan, the Changzhou plant of Niu Innovation Energy is currently undergoing pre-mass production transformation and calibration, and will be put into use in March 2022.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Niuchuang plans to "rent first and buy later" for Jintan production base
Compared with the transfer problem of BYD's production qualifications, Niu Chuangxin Energy, which is rumored to have "won" the Jintan production base of Mahayana Automobile, does not have this distress. "Although Niu Chuangxin Energy is only leased in the Mahayana Automobile Industrial Park, its production qualification has been used by Niu Chuangxin Energy." The above-mentioned insiders close to Niu Chuangxin Energy said that Niu Chuangxin Energy's first mass production car will not be delivered until next year, and production has not yet officially started.
On December 15, Niu Chuangxin Energy released the English brand "NIUTRON" and the Chinese brand "Self-Touring", and the first product, Self-Tourism NV, is scheduled to be listed in the first half of 2022 and accepts reservations, and the delivery will start in September of the same year.
Image source: Courtesy of the enterprise
Qixinbao data shows that on October 27, 2020, Changzhou Niuchuang Technology Co., Ltd. completed registration; in December 2020, Jiangsu Niuxin Energy Technology Co., Ltd. completed registration. The registered places of these two companies are located in the Jintan production base of Mahayana Automobile, and the founders are Li Yinan, the former founder of Xiaoniu Electric.
According to the above-mentioned insiders close to Niu Chuangxin Energy, at present, Niu Chuangxin Energy uses the Mahayana Automobile Technology Industrial Park located in Jintan by leasing, and some employees of the company have officially worked here. "Until now, we have not officially bought the Jintan production base of Mahayana Automobile, and we plan to 'rent first and buy later'." Niu Chuangxin Energy related staff told reporters that the specific time will be bought, it is not known at present, can only say that it will choose the opportunity to buy.
It is reported that in order to solve the problem of production qualifications, Li Yinan planned to achieve cross-border car manufacturing through the acquisition of BAIC BJEV Changzhou plant before choosing Mahayana, and the two sides have negotiated on the acquisition. "Li Yinan did go to the BAIC BJEV Changzhou plant, but he only went to understand it, and did not talk about the acquisition at all." The above-mentioned insiders close to Niu Innovative Energy said that for Niu Innovative Energy, compared with the Production Base of Mahayana Automobile, the production capacity of BAIC BJEV Changzhou Factory is a bit small.
According to public information, the first phase of the BAIC BJEV Changzhou plant project has formed an annual production capacity of 50,000 new energy vehicles. According to Li Yinan, Niu Innovation Energy Changzhou plant covers an area of 770,000 square meters, and the overall design capacity is 180,000 vehicles / year.
At present, the Jintan production base of Mahayana Automobile has been basically completed, and the production equipment in the plant is in a normal production state, but it has been idle for a period of time. "The Jintan factory of Mahayana Automobile already has four major process workshops, and after Niu Chuangxin Energy takes over, it only needs to be rebuilt and upgraded on the existing basis, so that Niu Chuangxin Energy can achieve mass production more quickly with less capital." The above-mentioned insider close to Niu Innovative Energy said.
According to Li Yinan, the Changzhou plant of Niu Innovation Energy is currently undergoing pre-mass production transformation and calibration, and will be put into use in March 2022.
"National VI" standard switched to "the last straw"
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Niuchuang plans to "rent first and buy later" for Jintan production base
Compared with the transfer problem of BYD's production qualifications, Niu Chuangxin Energy, which is rumored to have "won" the Jintan production base of Mahayana Automobile, does not have this distress. "Although Niu Chuangxin Energy is only leased in the Mahayana Automobile Industrial Park, its production qualification has been used by Niu Chuangxin Energy." The above-mentioned insiders close to Niu Chuangxin Energy said that Niu Chuangxin Energy's first mass production car will not be delivered until next year, and production has not yet officially started.
On December 15, Niu Chuangxin Energy released the English brand "NIUTRON" and the Chinese brand "Self-Touring", and the first product, Self-Tourism NV, is scheduled to be listed in the first half of 2022 and accepts reservations, and the delivery will start in September of the same year.
Image source: Courtesy of the enterprise
Qixinbao data shows that on October 27, 2020, Changzhou Niuchuang Technology Co., Ltd. completed registration; in December 2020, Jiangsu Niuxin Energy Technology Co., Ltd. completed registration. The registered places of these two companies are located in the Jintan production base of Mahayana Automobile, and the founders are Li Yinan, the former founder of Xiaoniu Electric.
According to the above-mentioned insiders close to Niu Chuangxin Energy, at present, Niu Chuangxin Energy uses the Mahayana Automobile Technology Industrial Park located in Jintan by leasing, and some employees of the company have officially worked here. "Until now, we have not officially bought the Jintan production base of Mahayana Automobile, and we plan to 'rent first and buy later'." Niu Chuangxin Energy related staff told reporters that the specific time will be bought, it is not known at present, can only say that it will choose the opportunity to buy.
It is reported that in order to solve the problem of production qualifications, Li Yinan planned to achieve cross-border car manufacturing through the acquisition of BAIC BJEV Changzhou plant before choosing Mahayana, and the two sides have negotiated on the acquisition. "Li Yinan did go to the BAIC BJEV Changzhou plant, but he only went to understand it, and did not talk about the acquisition at all." The above-mentioned insiders close to Niu Innovative Energy said that for Niu Innovative Energy, compared with the Production Base of Mahayana Automobile, the production capacity of BAIC BJEV Changzhou Factory is a bit small.
According to public information, the first phase of the BAIC BJEV Changzhou plant project has formed an annual production capacity of 50,000 new energy vehicles. According to Li Yinan, Niu Innovation Energy Changzhou plant covers an area of 770,000 square meters, and the overall design capacity is 180,000 vehicles / year.
At present, the Jintan production base of Mahayana Automobile has been basically completed, and the production equipment in the plant is in a normal production state, but it has been idle for a period of time. "The Jintan factory of Mahayana Automobile already has four major process workshops, and after Niu Chuangxin Energy takes over, it only needs to be rebuilt and upgraded on the existing basis, so that Niu Chuangxin Energy can achieve mass production more quickly with less capital." The above-mentioned insider close to Niu Innovative Energy said.
According to Li Yinan, the Changzhou plant of Niu Innovation Energy is currently undergoing pre-mass production transformation and calibration, and will be put into use in March 2022.
"National VI" standard switched to "the last straw"
With BYD and Niu Chuangxin Energy "taking over" the two major production bases owned by Mahayana Automobile, the bankruptcy and restructuring of Mahayana Automobile, which has been established for 7 years, may have entered the countdown.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Niuchuang plans to "rent first and buy later" for Jintan production base
Compared with the transfer problem of BYD's production qualifications, Niu Chuangxin Energy, which is rumored to have "won" the Jintan production base of Mahayana Automobile, does not have this distress. "Although Niu Chuangxin Energy is only leased in the Mahayana Automobile Industrial Park, its production qualification has been used by Niu Chuangxin Energy." The above-mentioned insiders close to Niu Chuangxin Energy said that Niu Chuangxin Energy's first mass production car will not be delivered until next year, and production has not yet officially started.
On December 15, Niu Chuangxin Energy released the English brand "NIUTRON" and the Chinese brand "Self-Touring", and the first product, Self-Tourism NV, is scheduled to be listed in the first half of 2022 and accepts reservations, and the delivery will start in September of the same year.
Image source: Courtesy of the enterprise
Qixinbao data shows that on October 27, 2020, Changzhou Niuchuang Technology Co., Ltd. completed registration; in December 2020, Jiangsu Niuxin Energy Technology Co., Ltd. completed registration. The registered places of these two companies are located in the Jintan production base of Mahayana Automobile, and the founders are Li Yinan, the former founder of Xiaoniu Electric.
According to the above-mentioned insiders close to Niu Chuangxin Energy, at present, Niu Chuangxin Energy uses the Mahayana Automobile Technology Industrial Park located in Jintan by leasing, and some employees of the company have officially worked here. "Until now, we have not officially bought the Jintan production base of Mahayana Automobile, and we plan to 'rent first and buy later'." Niu Chuangxin Energy related staff told reporters that the specific time will be bought, it is not known at present, can only say that it will choose the opportunity to buy.
It is reported that in order to solve the problem of production qualifications, Li Yinan planned to achieve cross-border car manufacturing through the acquisition of BAIC BJEV Changzhou plant before choosing Mahayana, and the two sides have negotiated on the acquisition. "Li Yinan did go to the BAIC BJEV Changzhou plant, but he only went to understand it, and did not talk about the acquisition at all." The above-mentioned insiders close to Niu Innovative Energy said that for Niu Innovative Energy, compared with the Production Base of Mahayana Automobile, the production capacity of BAIC BJEV Changzhou Factory is a bit small.
According to public information, the first phase of the BAIC BJEV Changzhou plant project has formed an annual production capacity of 50,000 new energy vehicles. According to Li Yinan, Niu Innovation Energy Changzhou plant covers an area of 770,000 square meters, and the overall design capacity is 180,000 vehicles / year.
At present, the Jintan production base of Mahayana Automobile has been basically completed, and the production equipment in the plant is in a normal production state, but it has been idle for a period of time. "The Jintan factory of Mahayana Automobile already has four major process workshops, and after Niu Chuangxin Energy takes over, it only needs to be rebuilt and upgraded on the existing basis, so that Niu Chuangxin Energy can achieve mass production more quickly with less capital." The above-mentioned insider close to Niu Innovative Energy said.
According to Li Yinan, the Changzhou plant of Niu Innovation Energy is currently undergoing pre-mass production transformation and calibration, and will be put into use in March 2022.
"National VI" standard switched to "the last straw"
With BYD and Niu Chuangxin Energy "taking over" the two major production bases owned by Mahayana Automobile, the bankruptcy and restructuring of Mahayana Automobile, which has been established for 7 years, may have entered the countdown.
In September this year, Jiangxi Mahayana Motor added a new bankruptcy restructuring information, after the company had three bankruptcy records before that. On December 7 this year, Mahayana Motor added another bankruptcy restructuring record.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Niuchuang plans to "rent first and buy later" for Jintan production base
Compared with the transfer problem of BYD's production qualifications, Niu Chuangxin Energy, which is rumored to have "won" the Jintan production base of Mahayana Automobile, does not have this distress. "Although Niu Chuangxin Energy is only leased in the Mahayana Automobile Industrial Park, its production qualification has been used by Niu Chuangxin Energy." The above-mentioned insiders close to Niu Chuangxin Energy said that Niu Chuangxin Energy's first mass production car will not be delivered until next year, and production has not yet officially started.
On December 15, Niu Chuangxin Energy released the English brand "NIUTRON" and the Chinese brand "Self-Touring", and the first product, Self-Tourism NV, is scheduled to be listed in the first half of 2022 and accepts reservations, and the delivery will start in September of the same year.
Image source: Courtesy of the enterprise
Qixinbao data shows that on October 27, 2020, Changzhou Niuchuang Technology Co., Ltd. completed registration; in December 2020, Jiangsu Niuxin Energy Technology Co., Ltd. completed registration. The registered places of these two companies are located in the Jintan production base of Mahayana Automobile, and the founders are Li Yinan, the former founder of Xiaoniu Electric.
According to the above-mentioned insiders close to Niu Chuangxin Energy, at present, Niu Chuangxin Energy uses the Mahayana Automobile Technology Industrial Park located in Jintan by leasing, and some employees of the company have officially worked here. "Until now, we have not officially bought the Jintan production base of Mahayana Automobile, and we plan to 'rent first and buy later'." Niu Chuangxin Energy related staff told reporters that the specific time will be bought, it is not known at present, can only say that it will choose the opportunity to buy.
It is reported that in order to solve the problem of production qualifications, Li Yinan planned to achieve cross-border car manufacturing through the acquisition of BAIC BJEV Changzhou plant before choosing Mahayana, and the two sides have negotiated on the acquisition. "Li Yinan did go to the BAIC BJEV Changzhou plant, but he only went to understand it, and did not talk about the acquisition at all." The above-mentioned insiders close to Niu Innovative Energy said that for Niu Innovative Energy, compared with the Production Base of Mahayana Automobile, the production capacity of BAIC BJEV Changzhou Factory is a bit small.
According to public information, the first phase of the BAIC BJEV Changzhou plant project has formed an annual production capacity of 50,000 new energy vehicles. According to Li Yinan, Niu Innovation Energy Changzhou plant covers an area of 770,000 square meters, and the overall design capacity is 180,000 vehicles / year.
At present, the Jintan production base of Mahayana Automobile has been basically completed, and the production equipment in the plant is in a normal production state, but it has been idle for a period of time. "The Jintan factory of Mahayana Automobile already has four major process workshops, and after Niu Chuangxin Energy takes over, it only needs to be rebuilt and upgraded on the existing basis, so that Niu Chuangxin Energy can achieve mass production more quickly with less capital." The above-mentioned insider close to Niu Innovative Energy said.
According to Li Yinan, the Changzhou plant of Niu Innovation Energy is currently undergoing pre-mass production transformation and calibration, and will be put into use in March 2022.
"National VI" standard switched to "the last straw"
With BYD and Niu Chuangxin Energy "taking over" the two major production bases owned by Mahayana Automobile, the bankruptcy and restructuring of Mahayana Automobile, which has been established for 7 years, may have entered the countdown.
In September this year, Jiangxi Mahayana Motor added a new bankruptcy restructuring information, after the company had three bankruptcy records before that. On December 7 this year, Mahayana Motor added another bankruptcy restructuring record.
In fact, just one year after the official release of the "Mahayana" brand in September 2018, Mahayana was exposed to financial difficulties. Since October 2019, news has been emerging about employees of Mahayana Motors being owed wages. The reporter learned from relevant insiders that as of now, the problem of Passenger Cars' arrears of employee wages has not been completely solved.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Niuchuang plans to "rent first and buy later" for Jintan production base
Compared with the transfer problem of BYD's production qualifications, Niu Chuangxin Energy, which is rumored to have "won" the Jintan production base of Mahayana Automobile, does not have this distress. "Although Niu Chuangxin Energy is only leased in the Mahayana Automobile Industrial Park, its production qualification has been used by Niu Chuangxin Energy." The above-mentioned insiders close to Niu Chuangxin Energy said that Niu Chuangxin Energy's first mass production car will not be delivered until next year, and production has not yet officially started.
On December 15, Niu Chuangxin Energy released the English brand "NIUTRON" and the Chinese brand "Self-Touring", and the first product, Self-Tourism NV, is scheduled to be listed in the first half of 2022 and accepts reservations, and the delivery will start in September of the same year.
Image source: Courtesy of the enterprise
Qixinbao data shows that on October 27, 2020, Changzhou Niuchuang Technology Co., Ltd. completed registration; in December 2020, Jiangsu Niuxin Energy Technology Co., Ltd. completed registration. The registered places of these two companies are located in the Jintan production base of Mahayana Automobile, and the founders are Li Yinan, the former founder of Xiaoniu Electric.
According to the above-mentioned insiders close to Niu Chuangxin Energy, at present, Niu Chuangxin Energy uses the Mahayana Automobile Technology Industrial Park located in Jintan by leasing, and some employees of the company have officially worked here. "Until now, we have not officially bought the Jintan production base of Mahayana Automobile, and we plan to 'rent first and buy later'." Niu Chuangxin Energy related staff told reporters that the specific time will be bought, it is not known at present, can only say that it will choose the opportunity to buy.
It is reported that in order to solve the problem of production qualifications, Li Yinan planned to achieve cross-border car manufacturing through the acquisition of BAIC BJEV Changzhou plant before choosing Mahayana, and the two sides have negotiated on the acquisition. "Li Yinan did go to the BAIC BJEV Changzhou plant, but he only went to understand it, and did not talk about the acquisition at all." The above-mentioned insiders close to Niu Innovative Energy said that for Niu Innovative Energy, compared with the Production Base of Mahayana Automobile, the production capacity of BAIC BJEV Changzhou Factory is a bit small.
According to public information, the first phase of the BAIC BJEV Changzhou plant project has formed an annual production capacity of 50,000 new energy vehicles. According to Li Yinan, Niu Innovation Energy Changzhou plant covers an area of 770,000 square meters, and the overall design capacity is 180,000 vehicles / year.
At present, the Jintan production base of Mahayana Automobile has been basically completed, and the production equipment in the plant is in a normal production state, but it has been idle for a period of time. "The Jintan factory of Mahayana Automobile already has four major process workshops, and after Niu Chuangxin Energy takes over, it only needs to be rebuilt and upgraded on the existing basis, so that Niu Chuangxin Energy can achieve mass production more quickly with less capital." The above-mentioned insider close to Niu Innovative Energy said.
According to Li Yinan, the Changzhou plant of Niu Innovation Energy is currently undergoing pre-mass production transformation and calibration, and will be put into use in March 2022.
"National VI" standard switched to "the last straw"
With BYD and Niu Chuangxin Energy "taking over" the two major production bases owned by Mahayana Automobile, the bankruptcy and restructuring of Mahayana Automobile, which has been established for 7 years, may have entered the countdown.
In September this year, Jiangxi Mahayana Motor added a new bankruptcy restructuring information, after the company had three bankruptcy records before that. On December 7 this year, Mahayana Motor added another bankruptcy restructuring record.
In fact, just one year after the official release of the "Mahayana" brand in September 2018, Mahayana was exposed to financial difficulties. Since October 2019, news has been emerging about employees of Mahayana Motors being owed wages. The reporter learned from relevant insiders that as of now, the problem of Passenger Cars' arrears of employee wages has not been completely solved.
Image source: Daily Economic News Infographic
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Niuchuang plans to "rent first and buy later" for Jintan production base
Compared with the transfer problem of BYD's production qualifications, Niu Chuangxin Energy, which is rumored to have "won" the Jintan production base of Mahayana Automobile, does not have this distress. "Although Niu Chuangxin Energy is only leased in the Mahayana Automobile Industrial Park, its production qualification has been used by Niu Chuangxin Energy." The above-mentioned insiders close to Niu Chuangxin Energy said that Niu Chuangxin Energy's first mass production car will not be delivered until next year, and production has not yet officially started.
On December 15, Niu Chuangxin Energy released the English brand "NIUTRON" and the Chinese brand "Self-Touring", and the first product, Self-Tourism NV, is scheduled to be listed in the first half of 2022 and accepts reservations, and the delivery will start in September of the same year.
Image source: Courtesy of the enterprise
Qixinbao data shows that on October 27, 2020, Changzhou Niuchuang Technology Co., Ltd. completed registration; in December 2020, Jiangsu Niuxin Energy Technology Co., Ltd. completed registration. The registered places of these two companies are located in the Jintan production base of Mahayana Automobile, and the founders are Li Yinan, the former founder of Xiaoniu Electric.
According to the above-mentioned insiders close to Niu Chuangxin Energy, at present, Niu Chuangxin Energy uses the Mahayana Automobile Technology Industrial Park located in Jintan by leasing, and some employees of the company have officially worked here. "Until now, we have not officially bought the Jintan production base of Mahayana Automobile, and we plan to 'rent first and buy later'." Niu Chuangxin Energy related staff told reporters that the specific time will be bought, it is not known at present, can only say that it will choose the opportunity to buy.
It is reported that in order to solve the problem of production qualifications, Li Yinan planned to achieve cross-border car manufacturing through the acquisition of BAIC BJEV Changzhou plant before choosing Mahayana, and the two sides have negotiated on the acquisition. "Li Yinan did go to the BAIC BJEV Changzhou plant, but he only went to understand it, and did not talk about the acquisition at all." The above-mentioned insiders close to Niu Innovative Energy said that for Niu Innovative Energy, compared with the Production Base of Mahayana Automobile, the production capacity of BAIC BJEV Changzhou Factory is a bit small.
According to public information, the first phase of the BAIC BJEV Changzhou plant project has formed an annual production capacity of 50,000 new energy vehicles. According to Li Yinan, Niu Innovation Energy Changzhou plant covers an area of 770,000 square meters, and the overall design capacity is 180,000 vehicles / year.
At present, the Jintan production base of Mahayana Automobile has been basically completed, and the production equipment in the plant is in a normal production state, but it has been idle for a period of time. "The Jintan factory of Mahayana Automobile already has four major process workshops, and after Niu Chuangxin Energy takes over, it only needs to be rebuilt and upgraded on the existing basis, so that Niu Chuangxin Energy can achieve mass production more quickly with less capital." The above-mentioned insider close to Niu Innovative Energy said.
According to Li Yinan, the Changzhou plant of Niu Innovation Energy is currently undergoing pre-mass production transformation and calibration, and will be put into use in March 2022.
"National VI" standard switched to "the last straw"
With BYD and Niu Chuangxin Energy "taking over" the two major production bases owned by Mahayana Automobile, the bankruptcy and restructuring of Mahayana Automobile, which has been established for 7 years, may have entered the countdown.
In September this year, Jiangxi Mahayana Motor added a new bankruptcy restructuring information, after the company had three bankruptcy records before that. On December 7 this year, Mahayana Motor added another bankruptcy restructuring record.
In fact, just one year after the official release of the "Mahayana" brand in September 2018, Mahayana was exposed to financial difficulties. Since October 2019, news has been emerging about employees of Mahayana Motors being owed wages. The reporter learned from relevant insiders that as of now, the problem of Passenger Cars' arrears of employee wages has not been completely solved.
Image source: Daily Economic News Infographic
In 2020, Mahayana Motors was also collectively defended by its dealers because Mahayana Motor notified the dealers to stop supplying new cars, but did not perform the compensation clause of the contract, and refused to return the dealers who had paid money but did not get the new car.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Niuchuang plans to "rent first and buy later" for Jintan production base
Compared with the transfer problem of BYD's production qualifications, Niu Chuangxin Energy, which is rumored to have "won" the Jintan production base of Mahayana Automobile, does not have this distress. "Although Niu Chuangxin Energy is only leased in the Mahayana Automobile Industrial Park, its production qualification has been used by Niu Chuangxin Energy." The above-mentioned insiders close to Niu Chuangxin Energy said that Niu Chuangxin Energy's first mass production car will not be delivered until next year, and production has not yet officially started.
On December 15, Niu Chuangxin Energy released the English brand "NIUTRON" and the Chinese brand "Self-Touring", and the first product, Self-Tourism NV, is scheduled to be listed in the first half of 2022 and accepts reservations, and the delivery will start in September of the same year.
Image source: Courtesy of the enterprise
Qixinbao data shows that on October 27, 2020, Changzhou Niuchuang Technology Co., Ltd. completed registration; in December 2020, Jiangsu Niuxin Energy Technology Co., Ltd. completed registration. The registered places of these two companies are located in the Jintan production base of Mahayana Automobile, and the founders are Li Yinan, the former founder of Xiaoniu Electric.
According to the above-mentioned insiders close to Niu Chuangxin Energy, at present, Niu Chuangxin Energy uses the Mahayana Automobile Technology Industrial Park located in Jintan by leasing, and some employees of the company have officially worked here. "Until now, we have not officially bought the Jintan production base of Mahayana Automobile, and we plan to 'rent first and buy later'." Niu Chuangxin Energy related staff told reporters that the specific time will be bought, it is not known at present, can only say that it will choose the opportunity to buy.
It is reported that in order to solve the problem of production qualifications, Li Yinan planned to achieve cross-border car manufacturing through the acquisition of BAIC BJEV Changzhou plant before choosing Mahayana, and the two sides have negotiated on the acquisition. "Li Yinan did go to the BAIC BJEV Changzhou plant, but he only went to understand it, and did not talk about the acquisition at all." The above-mentioned insiders close to Niu Innovative Energy said that for Niu Innovative Energy, compared with the Production Base of Mahayana Automobile, the production capacity of BAIC BJEV Changzhou Factory is a bit small.
According to public information, the first phase of the BAIC BJEV Changzhou plant project has formed an annual production capacity of 50,000 new energy vehicles. According to Li Yinan, Niu Innovation Energy Changzhou plant covers an area of 770,000 square meters, and the overall design capacity is 180,000 vehicles / year.
At present, the Jintan production base of Mahayana Automobile has been basically completed, and the production equipment in the plant is in a normal production state, but it has been idle for a period of time. "The Jintan factory of Mahayana Automobile already has four major process workshops, and after Niu Chuangxin Energy takes over, it only needs to be rebuilt and upgraded on the existing basis, so that Niu Chuangxin Energy can achieve mass production more quickly with less capital." The above-mentioned insider close to Niu Innovative Energy said.
According to Li Yinan, the Changzhou plant of Niu Innovation Energy is currently undergoing pre-mass production transformation and calibration, and will be put into use in March 2022.
"National VI" standard switched to "the last straw"
With BYD and Niu Chuangxin Energy "taking over" the two major production bases owned by Mahayana Automobile, the bankruptcy and restructuring of Mahayana Automobile, which has been established for 7 years, may have entered the countdown.
In September this year, Jiangxi Mahayana Motor added a new bankruptcy restructuring information, after the company had three bankruptcy records before that. On December 7 this year, Mahayana Motor added another bankruptcy restructuring record.
In fact, just one year after the official release of the "Mahayana" brand in September 2018, Mahayana was exposed to financial difficulties. Since October 2019, news has been emerging about employees of Mahayana Motors being owed wages. The reporter learned from relevant insiders that as of now, the problem of Passenger Cars' arrears of employee wages has not been completely solved.
Image source: Daily Economic News Infographic
In 2020, Mahayana Motors was also collectively defended by its dealers because Mahayana Motor notified the dealers to stop supplying new cars, but did not perform the compensation clause of the contract, and refused to return the dealers who had paid money but did not get the new car.
The reporter checked the official website of Mahayana Automobile and found that the company has three brand models: G70S, G60, and G60S. However, the reporter called a number of dealers on its official website and found that the registered telephone was mostly an "empty number", and even if it could be opened, the other party also said that it was selling other models.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Niuchuang plans to "rent first and buy later" for Jintan production base
Compared with the transfer problem of BYD's production qualifications, Niu Chuangxin Energy, which is rumored to have "won" the Jintan production base of Mahayana Automobile, does not have this distress. "Although Niu Chuangxin Energy is only leased in the Mahayana Automobile Industrial Park, its production qualification has been used by Niu Chuangxin Energy." The above-mentioned insiders close to Niu Chuangxin Energy said that Niu Chuangxin Energy's first mass production car will not be delivered until next year, and production has not yet officially started.
On December 15, Niu Chuangxin Energy released the English brand "NIUTRON" and the Chinese brand "Self-Touring", and the first product, Self-Tourism NV, is scheduled to be listed in the first half of 2022 and accepts reservations, and the delivery will start in September of the same year.
Image source: Courtesy of the enterprise
Qixinbao data shows that on October 27, 2020, Changzhou Niuchuang Technology Co., Ltd. completed registration; in December 2020, Jiangsu Niuxin Energy Technology Co., Ltd. completed registration. The registered places of these two companies are located in the Jintan production base of Mahayana Automobile, and the founders are Li Yinan, the former founder of Xiaoniu Electric.
According to the above-mentioned insiders close to Niu Chuangxin Energy, at present, Niu Chuangxin Energy uses the Mahayana Automobile Technology Industrial Park located in Jintan by leasing, and some employees of the company have officially worked here. "Until now, we have not officially bought the Jintan production base of Mahayana Automobile, and we plan to 'rent first and buy later'." Niu Chuangxin Energy related staff told reporters that the specific time will be bought, it is not known at present, can only say that it will choose the opportunity to buy.
It is reported that in order to solve the problem of production qualifications, Li Yinan planned to achieve cross-border car manufacturing through the acquisition of BAIC BJEV Changzhou plant before choosing Mahayana, and the two sides have negotiated on the acquisition. "Li Yinan did go to the BAIC BJEV Changzhou plant, but he only went to understand it, and did not talk about the acquisition at all." The above-mentioned insiders close to Niu Innovative Energy said that for Niu Innovative Energy, compared with the Production Base of Mahayana Automobile, the production capacity of BAIC BJEV Changzhou Factory is a bit small.
According to public information, the first phase of the BAIC BJEV Changzhou plant project has formed an annual production capacity of 50,000 new energy vehicles. According to Li Yinan, Niu Innovation Energy Changzhou plant covers an area of 770,000 square meters, and the overall design capacity is 180,000 vehicles / year.
At present, the Jintan production base of Mahayana Automobile has been basically completed, and the production equipment in the plant is in a normal production state, but it has been idle for a period of time. "The Jintan factory of Mahayana Automobile already has four major process workshops, and after Niu Chuangxin Energy takes over, it only needs to be rebuilt and upgraded on the existing basis, so that Niu Chuangxin Energy can achieve mass production more quickly with less capital." The above-mentioned insider close to Niu Innovative Energy said.
According to Li Yinan, the Changzhou plant of Niu Innovation Energy is currently undergoing pre-mass production transformation and calibration, and will be put into use in March 2022.
"National VI" standard switched to "the last straw"
With BYD and Niu Chuangxin Energy "taking over" the two major production bases owned by Mahayana Automobile, the bankruptcy and restructuring of Mahayana Automobile, which has been established for 7 years, may have entered the countdown.
In September this year, Jiangxi Mahayana Motor added a new bankruptcy restructuring information, after the company had three bankruptcy records before that. On December 7 this year, Mahayana Motor added another bankruptcy restructuring record.
In fact, just one year after the official release of the "Mahayana" brand in September 2018, Mahayana was exposed to financial difficulties. Since October 2019, news has been emerging about employees of Mahayana Motors being owed wages. The reporter learned from relevant insiders that as of now, the problem of Passenger Cars' arrears of employee wages has not been completely solved.
Image source: Daily Economic News Infographic
In 2020, Mahayana Motors was also collectively defended by its dealers because Mahayana Motor notified the dealers to stop supplying new cars, but did not perform the compensation clause of the contract, and refused to return the dealers who had paid money but did not get the new car.
The reporter checked the official website of Mahayana Automobile and found that the company has three brand models: G70S, G60, and G60S. However, the reporter called a number of dealers on its official website and found that the registered telephone was mostly an "empty number", and even if it could be opened, the other party also said that it was selling other models.
The current business difficulties of Mahayana Automobile have a lot to do with the pre-cooling of its models in the market. According to public data, the cumulative sales volume of Mahayana In 2018 was only 20,000 units, and although sales increased slightly in 2019, rising to 25,800 units, the arrival of the new crown epidemic made Mahayana "worse". The company sold less than 10,000 vehicles in 2020.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Niuchuang plans to "rent first and buy later" for Jintan production base
Compared with the transfer problem of BYD's production qualifications, Niu Chuangxin Energy, which is rumored to have "won" the Jintan production base of Mahayana Automobile, does not have this distress. "Although Niu Chuangxin Energy is only leased in the Mahayana Automobile Industrial Park, its production qualification has been used by Niu Chuangxin Energy." The above-mentioned insiders close to Niu Chuangxin Energy said that Niu Chuangxin Energy's first mass production car will not be delivered until next year, and production has not yet officially started.
On December 15, Niu Chuangxin Energy released the English brand "NIUTRON" and the Chinese brand "Self-Touring", and the first product, Self-Tourism NV, is scheduled to be listed in the first half of 2022 and accepts reservations, and the delivery will start in September of the same year.
Image source: Courtesy of the enterprise
Qixinbao data shows that on October 27, 2020, Changzhou Niuchuang Technology Co., Ltd. completed registration; in December 2020, Jiangsu Niuxin Energy Technology Co., Ltd. completed registration. The registered places of these two companies are located in the Jintan production base of Mahayana Automobile, and the founders are Li Yinan, the former founder of Xiaoniu Electric.
According to the above-mentioned insiders close to Niu Chuangxin Energy, at present, Niu Chuangxin Energy uses the Mahayana Automobile Technology Industrial Park located in Jintan by leasing, and some employees of the company have officially worked here. "Until now, we have not officially bought the Jintan production base of Mahayana Automobile, and we plan to 'rent first and buy later'." Niu Chuangxin Energy related staff told reporters that the specific time will be bought, it is not known at present, can only say that it will choose the opportunity to buy.
It is reported that in order to solve the problem of production qualifications, Li Yinan planned to achieve cross-border car manufacturing through the acquisition of BAIC BJEV Changzhou plant before choosing Mahayana, and the two sides have negotiated on the acquisition. "Li Yinan did go to the BAIC BJEV Changzhou plant, but he only went to understand it, and did not talk about the acquisition at all." The above-mentioned insiders close to Niu Innovative Energy said that for Niu Innovative Energy, compared with the Production Base of Mahayana Automobile, the production capacity of BAIC BJEV Changzhou Factory is a bit small.
According to public information, the first phase of the BAIC BJEV Changzhou plant project has formed an annual production capacity of 50,000 new energy vehicles. According to Li Yinan, Niu Innovation Energy Changzhou plant covers an area of 770,000 square meters, and the overall design capacity is 180,000 vehicles / year.
At present, the Jintan production base of Mahayana Automobile has been basically completed, and the production equipment in the plant is in a normal production state, but it has been idle for a period of time. "The Jintan factory of Mahayana Automobile already has four major process workshops, and after Niu Chuangxin Energy takes over, it only needs to be rebuilt and upgraded on the existing basis, so that Niu Chuangxin Energy can achieve mass production more quickly with less capital." The above-mentioned insider close to Niu Innovative Energy said.
According to Li Yinan, the Changzhou plant of Niu Innovation Energy is currently undergoing pre-mass production transformation and calibration, and will be put into use in March 2022.
"National VI" standard switched to "the last straw"
With BYD and Niu Chuangxin Energy "taking over" the two major production bases owned by Mahayana Automobile, the bankruptcy and restructuring of Mahayana Automobile, which has been established for 7 years, may have entered the countdown.
In September this year, Jiangxi Mahayana Motor added a new bankruptcy restructuring information, after the company had three bankruptcy records before that. On December 7 this year, Mahayana Motor added another bankruptcy restructuring record.
In fact, just one year after the official release of the "Mahayana" brand in September 2018, Mahayana was exposed to financial difficulties. Since October 2019, news has been emerging about employees of Mahayana Motors being owed wages. The reporter learned from relevant insiders that as of now, the problem of Passenger Cars' arrears of employee wages has not been completely solved.
Image source: Daily Economic News Infographic
In 2020, Mahayana Motors was also collectively defended by its dealers because Mahayana Motor notified the dealers to stop supplying new cars, but did not perform the compensation clause of the contract, and refused to return the dealers who had paid money but did not get the new car.
The reporter checked the official website of Mahayana Automobile and found that the company has three brand models: G70S, G60, and G60S. However, the reporter called a number of dealers on its official website and found that the registered telephone was mostly an "empty number", and even if it could be opened, the other party also said that it was selling other models.
The current business difficulties of Mahayana Automobile have a lot to do with the pre-cooling of its models in the market. According to public data, the cumulative sales volume of Mahayana In 2018 was only 20,000 units, and although sales increased slightly in 2019, rising to 25,800 units, the arrival of the new crown epidemic made Mahayana "worse". The company sold less than 10,000 vehicles in 2020.
With the implementation of the "National VI" emission standards, the technical capabilities of Mahayana automobiles cannot meet the requirements of emission standards, and eventually can only move to the point of car-free production and no car to sell. The reporter found that since entering 2021, Mahayana Has No Sales Data to Check.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Niuchuang plans to "rent first and buy later" for Jintan production base
Compared with the transfer problem of BYD's production qualifications, Niu Chuangxin Energy, which is rumored to have "won" the Jintan production base of Mahayana Automobile, does not have this distress. "Although Niu Chuangxin Energy is only leased in the Mahayana Automobile Industrial Park, its production qualification has been used by Niu Chuangxin Energy." The above-mentioned insiders close to Niu Chuangxin Energy said that Niu Chuangxin Energy's first mass production car will not be delivered until next year, and production has not yet officially started.
On December 15, Niu Chuangxin Energy released the English brand "NIUTRON" and the Chinese brand "Self-Touring", and the first product, Self-Tourism NV, is scheduled to be listed in the first half of 2022 and accepts reservations, and the delivery will start in September of the same year.
Image source: Courtesy of the enterprise
Qixinbao data shows that on October 27, 2020, Changzhou Niuchuang Technology Co., Ltd. completed registration; in December 2020, Jiangsu Niuxin Energy Technology Co., Ltd. completed registration. The registered places of these two companies are located in the Jintan production base of Mahayana Automobile, and the founders are Li Yinan, the former founder of Xiaoniu Electric.
According to the above-mentioned insiders close to Niu Chuangxin Energy, at present, Niu Chuangxin Energy uses the Mahayana Automobile Technology Industrial Park located in Jintan by leasing, and some employees of the company have officially worked here. "Until now, we have not officially bought the Jintan production base of Mahayana Automobile, and we plan to 'rent first and buy later'." Niu Chuangxin Energy related staff told reporters that the specific time will be bought, it is not known at present, can only say that it will choose the opportunity to buy.
It is reported that in order to solve the problem of production qualifications, Li Yinan planned to achieve cross-border car manufacturing through the acquisition of BAIC BJEV Changzhou plant before choosing Mahayana, and the two sides have negotiated on the acquisition. "Li Yinan did go to the BAIC BJEV Changzhou plant, but he only went to understand it, and did not talk about the acquisition at all." The above-mentioned insiders close to Niu Innovative Energy said that for Niu Innovative Energy, compared with the Production Base of Mahayana Automobile, the production capacity of BAIC BJEV Changzhou Factory is a bit small.
According to public information, the first phase of the BAIC BJEV Changzhou plant project has formed an annual production capacity of 50,000 new energy vehicles. According to Li Yinan, Niu Innovation Energy Changzhou plant covers an area of 770,000 square meters, and the overall design capacity is 180,000 vehicles / year.
At present, the Jintan production base of Mahayana Automobile has been basically completed, and the production equipment in the plant is in a normal production state, but it has been idle for a period of time. "The Jintan factory of Mahayana Automobile already has four major process workshops, and after Niu Chuangxin Energy takes over, it only needs to be rebuilt and upgraded on the existing basis, so that Niu Chuangxin Energy can achieve mass production more quickly with less capital." The above-mentioned insider close to Niu Innovative Energy said.
According to Li Yinan, the Changzhou plant of Niu Innovation Energy is currently undergoing pre-mass production transformation and calibration, and will be put into use in March 2022.
"National VI" standard switched to "the last straw"
With BYD and Niu Chuangxin Energy "taking over" the two major production bases owned by Mahayana Automobile, the bankruptcy and restructuring of Mahayana Automobile, which has been established for 7 years, may have entered the countdown.
In September this year, Jiangxi Mahayana Motor added a new bankruptcy restructuring information, after the company had three bankruptcy records before that. On December 7 this year, Mahayana Motor added another bankruptcy restructuring record.
In fact, just one year after the official release of the "Mahayana" brand in September 2018, Mahayana was exposed to financial difficulties. Since October 2019, news has been emerging about employees of Mahayana Motors being owed wages. The reporter learned from relevant insiders that as of now, the problem of Passenger Cars' arrears of employee wages has not been completely solved.
Image source: Daily Economic News Infographic
In 2020, Mahayana Motors was also collectively defended by its dealers because Mahayana Motor notified the dealers to stop supplying new cars, but did not perform the compensation clause of the contract, and refused to return the dealers who had paid money but did not get the new car.
The reporter checked the official website of Mahayana Automobile and found that the company has three brand models: G70S, G60, and G60S. However, the reporter called a number of dealers on its official website and found that the registered telephone was mostly an "empty number", and even if it could be opened, the other party also said that it was selling other models.
The current business difficulties of Mahayana Automobile have a lot to do with the pre-cooling of its models in the market. According to public data, the cumulative sales volume of Mahayana In 2018 was only 20,000 units, and although sales increased slightly in 2019, rising to 25,800 units, the arrival of the new crown epidemic made Mahayana "worse". The company sold less than 10,000 vehicles in 2020.
With the implementation of the "National VI" emission standards, the technical capabilities of Mahayana automobiles cannot meet the requirements of emission standards, and eventually can only move to the point of car-free production and no car to sell. The reporter found that since entering 2021, Mahayana Has No Sales Data to Check.
The sluggish performance and financial situation were worrying, which eventually led to the concentrated outbreak of problems such as the unpaid wages of Theravada employees and the protection of the rights of dealers. Public information shows that last year, the land of Theravada Automobile's production base in the old town of Fuzhou City was collected, stored and sold. The Mahayana Science and Technology Industrial Park in Jintan, Changzhou, was auctioned off for 1.551 billion yuan in June.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Niuchuang plans to "rent first and buy later" for Jintan production base
Compared with the transfer problem of BYD's production qualifications, Niu Chuangxin Energy, which is rumored to have "won" the Jintan production base of Mahayana Automobile, does not have this distress. "Although Niu Chuangxin Energy is only leased in the Mahayana Automobile Industrial Park, its production qualification has been used by Niu Chuangxin Energy." The above-mentioned insiders close to Niu Chuangxin Energy said that Niu Chuangxin Energy's first mass production car will not be delivered until next year, and production has not yet officially started.
On December 15, Niu Chuangxin Energy released the English brand "NIUTRON" and the Chinese brand "Self-Touring", and the first product, Self-Tourism NV, is scheduled to be listed in the first half of 2022 and accepts reservations, and the delivery will start in September of the same year.
Image source: Courtesy of the enterprise
Qixinbao data shows that on October 27, 2020, Changzhou Niuchuang Technology Co., Ltd. completed registration; in December 2020, Jiangsu Niuxin Energy Technology Co., Ltd. completed registration. The registered places of these two companies are located in the Jintan production base of Mahayana Automobile, and the founders are Li Yinan, the former founder of Xiaoniu Electric.
According to the above-mentioned insiders close to Niu Chuangxin Energy, at present, Niu Chuangxin Energy uses the Mahayana Automobile Technology Industrial Park located in Jintan by leasing, and some employees of the company have officially worked here. "Until now, we have not officially bought the Jintan production base of Mahayana Automobile, and we plan to 'rent first and buy later'." Niu Chuangxin Energy related staff told reporters that the specific time will be bought, it is not known at present, can only say that it will choose the opportunity to buy.
It is reported that in order to solve the problem of production qualifications, Li Yinan planned to achieve cross-border car manufacturing through the acquisition of BAIC BJEV Changzhou plant before choosing Mahayana, and the two sides have negotiated on the acquisition. "Li Yinan did go to the BAIC BJEV Changzhou plant, but he only went to understand it, and did not talk about the acquisition at all." The above-mentioned insiders close to Niu Innovative Energy said that for Niu Innovative Energy, compared with the Production Base of Mahayana Automobile, the production capacity of BAIC BJEV Changzhou Factory is a bit small.
According to public information, the first phase of the BAIC BJEV Changzhou plant project has formed an annual production capacity of 50,000 new energy vehicles. According to Li Yinan, Niu Innovation Energy Changzhou plant covers an area of 770,000 square meters, and the overall design capacity is 180,000 vehicles / year.
At present, the Jintan production base of Mahayana Automobile has been basically completed, and the production equipment in the plant is in a normal production state, but it has been idle for a period of time. "The Jintan factory of Mahayana Automobile already has four major process workshops, and after Niu Chuangxin Energy takes over, it only needs to be rebuilt and upgraded on the existing basis, so that Niu Chuangxin Energy can achieve mass production more quickly with less capital." The above-mentioned insider close to Niu Innovative Energy said.
According to Li Yinan, the Changzhou plant of Niu Innovation Energy is currently undergoing pre-mass production transformation and calibration, and will be put into use in March 2022.
"National VI" standard switched to "the last straw"
With BYD and Niu Chuangxin Energy "taking over" the two major production bases owned by Mahayana Automobile, the bankruptcy and restructuring of Mahayana Automobile, which has been established for 7 years, may have entered the countdown.
In September this year, Jiangxi Mahayana Motor added a new bankruptcy restructuring information, after the company had three bankruptcy records before that. On December 7 this year, Mahayana Motor added another bankruptcy restructuring record.
In fact, just one year after the official release of the "Mahayana" brand in September 2018, Mahayana was exposed to financial difficulties. Since October 2019, news has been emerging about employees of Mahayana Motors being owed wages. The reporter learned from relevant insiders that as of now, the problem of Passenger Cars' arrears of employee wages has not been completely solved.
Image source: Daily Economic News Infographic
In 2020, Mahayana Motors was also collectively defended by its dealers because Mahayana Motor notified the dealers to stop supplying new cars, but did not perform the compensation clause of the contract, and refused to return the dealers who had paid money but did not get the new car.
The reporter checked the official website of Mahayana Automobile and found that the company has three brand models: G70S, G60, and G60S. However, the reporter called a number of dealers on its official website and found that the registered telephone was mostly an "empty number", and even if it could be opened, the other party also said that it was selling other models.
The current business difficulties of Mahayana Automobile have a lot to do with the pre-cooling of its models in the market. According to public data, the cumulative sales volume of Mahayana In 2018 was only 20,000 units, and although sales increased slightly in 2019, rising to 25,800 units, the arrival of the new crown epidemic made Mahayana "worse". The company sold less than 10,000 vehicles in 2020.
With the implementation of the "National VI" emission standards, the technical capabilities of Mahayana automobiles cannot meet the requirements of emission standards, and eventually can only move to the point of car-free production and no car to sell. The reporter found that since entering 2021, Mahayana Has No Sales Data to Check.
The sluggish performance and financial situation were worrying, which eventually led to the concentrated outbreak of problems such as the unpaid wages of Theravada employees and the protection of the rights of dealers. Public information shows that last year, the land of Theravada Automobile's production base in the old town of Fuzhou City was collected, stored and sold. The Mahayana Science and Technology Industrial Park in Jintan, Changzhou, was auctioned off for 1.551 billion yuan in June.
The above-mentioned person familiar with the matter, who did not want to be named, told reporters that in the face of the mahayana car that has gone, the relevant government authorities have been looking for a "buyer" for it in addition to seeking a rescue law.
Per reporter: Li Xing Per editor: Sun Lei
The sound of blenders, the sound of consignment trucks, busy workers... This is a scene seen by the "Daily Economic News" reporter when he visited the Jiangxi Mahayana Automobile Science and Technology Industrial Park (hereinafter referred to as the Mahayana Automobile Industrial Park) a few days ago.
Image source: Photo by reporter Li Xing
"It is not the project construction team of Mahayana Automobile (i.e. Mahayana Automobile Group Co., Ltd.) that is working here, but the construction team of the BYD project. Mahayana has long since gone bankrupt, and now it's BYD's. He Dong (pseudonym), a staff member at the scene, told reporters.
A person familiar with the matter, who did not want to be named, also told reporters that the relevant authorities of Fuzhou City, Jiangxi Province, have transferred the Fuzhou Mahayana Automobile Production Base to BYD to build a supporting project for its new energy automobile industrial park.
For whether to take over the Fuzhou production base of Mahayana Automobile, BYD's relevant staff only told reporters: "The company is a production base that is laid out according to its own industrial needs, and there is no relevant news to disclose to the outside world. ”
It is worth mentioning that it is reported that another production base of Mahayana Automobile, Changzhou Jintan Production Base, has been taken over by the newly created car enterprise Niu Innovation Energy Technology Co., Ltd. (hereinafter referred to as Niu Innovative Energy). However, an insider close to Niu Chuangxin Energy told reporters, "Niu Chuangxin Energy employees did enter the Dacheng Automobile Jintan Industrial Park, but at present it is only the office building and factory of Leased Mahayana Automobile, and it will be acquired at the later stage." ”
BYD has started construction of the plant
Walking into the Mahayana Automobile Industrial Park, you will see an empty field area, which is slightly lonely. On the plot of land next to the Mahayana Automobile Industrial Park, it is a different scene.
Image source: Photo by reporter Li Xing
The employees who came and went, the cement mixers that roared, and the buildings had been built. According to He Dong, the construction next to the Mahayana Automobile Industrial Park is a BYD staff dormitory building, which has completed the capping work, and now the construction personnel have entered the building and begun to paint the walls.
At the temporary entrance of the construction site marked "BYD Construction Engineering Co., Ltd. - BYD Fuzhou New Energy Automobile Industrial Park Supporting Project", you can see the red banners hanging on the buildings on both sides of the building congratulating other enterprises on "BYD (Fuzhou Project) Dormitory Building Capping".
Image source: Photo by reporter Li Xing
The reporter checked the online approval and supervision platform of jiangxi investment projects and found that the total investment of the supporting projects of bydir Fuzhou New Energy Automobile Industrial Park was about 2.677 billion yuan, the total area of the project was about 450 mu, and the new parts factory building, storage warehouse, as well as supporting facilities such as staff dormitories and canteens, and increased supporting equipment, started in 2021 and completed in 2023.
Image source: The official website of the online approval and supervision platform for investment projects in Jiangxi Province
According to the construction personnel on site, in addition to the staff dormitories that have been capped, the BYD factory is planned to be built opposite the dormitory building. "I've been here for months, and the construction of the site has never stopped." He Dong said.
During the visit, the reporter also found that the construction site opposite the dormitory building has begun to carry out earthworks. From a distance, you can see that the large construction machinery such as tower cranes and floor pumps on the construction site has been set up and started working. "The pump that is in operation is pouring concrete into the ground, and after the concrete is poured, a large number of workers such as carpenters, steel bars, and cement begin to intervene one after another and officially begin construction." Yang Tao (pseudonym), who has been working at the construction site for a long time, introduced it to reporters.
Image source: Photo by reporter Li Xing
According to the Automobile Commune, in addition to using the Mahayana automobile production base, BYD's investment and expansion project officially started on September 24 this year, covering an area of about 800 mu. In this regard, the reporter verified with BYD, and the other party only replied: "There is no news to disclose for the time being." ”
The above-mentioned person familiar with the matter, who did not want to be named, told reporters: "Since last year, there has been a crisis in the operation of Mahayana, and the local government has been looking for buyers for it. BYD's 'takeover' is a win-win situation for both sides. For BYD, it can get land to build factories at a low price and can get policy support from the local government. For local governments, idle resources can be revitalized. ”
The transfer of production qualification has not been completed
According to public information, Mahayana Automobile was established in December 2014, formerly known as Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd., renamed Mahayana Automobile Co., Ltd. in July 2018, and changed to its current name "Mahayana Automobile Group Co., Ltd." in April 2019.
The legal representative of Mahayana Automobile is Wu Xiao, the son of Wu Jianzhong, the former chairman of Zotye Automobile, with a registered capital of 3.5 billion yuan, and its business scope includes R&D and application of new energy vehicle technology, industrial investment (not allowed to engage in financial and quasi-financial business, except for those that require licenses and filings according to law), automobile manufacturing and sales; and R&D, application and technology transfer of automotive technology.
Jiangxi Dacheng Automobile Co., Ltd. (hereinafter referred to as Jiangxi Dacheng Automobile), located in Fuzhou City, was established by Wu Xiao to participate in the restructuring of Jiangxi Jiangling Group Light Vehicle Co., Ltd. (hereinafter referred to as Jiangling Light Automobile) one year after Wu Xiao took over from Dacheng Automobile.
Image source: Photo by reporter Li Xing
According to Qixinbao data, in May 2017, Mahayana Motor signed a restructuring agreement with Jiangling Light Automobile, with a shareholding ratio of about 49.47%, becoming the largest shareholder of Jiangling Light Automobile. In January 2018, Jiangling Light Automobile officially changed its name to "Jiangxi Mahayana Automobile Co., Ltd.", and the shareholding ratio of Mahayana Automobile was also adjusted to 67%. As a result, Mahayana Automobile has also obtained the production qualification of Jiangling Light Automobile.
It is reported that Jiangling Light Automobile owns the "QiLing" brand and plans the "Qiling" series of models such as light trucks, MPVs and SUVs.
In September 2018, Mahayana Motor released the "Mahayana Automobile" brand, clarifying that Mahayana Automobile is positioned as a new independent automobile brand of young fashion. At this point, Mahayana Motors owns two major brands, Mahayana Motors and Qi Ling Motors.
In addition, Mahayana Automobile also took over the former Jintan production base of Zotye Automobile. As a result, Mahayana Automobile has two major production bases in Jintan and Fuzhou, with qualifications covering passenger cars, commercial vehicles and new energy vehicles, and has become an enterprise with traditional energy vehicles and new energy vehicle manufacturing qualifications.
However, although the supporting project of BYD Fuzhou New Energy Automobile Industrial Park has started, its restructuring of Jiangxi Mahayana Automobile has not progressed smoothly. "So far, the production qualification of Jiangxi Mahayana Automobile has not been transferred to BYD because the relevant approvals have not yet been passed." The above-mentioned person familiar with the matter, who did not want to be named, revealed to reporters.
In this regard, the reporter verified with BYD for the first time. However, as of the press release, the other party did not give a reply to this.
Niuchuang plans to "rent first and buy later" for Jintan production base
Compared with the transfer problem of BYD's production qualifications, Niu Chuangxin Energy, which is rumored to have "won" the Jintan production base of Mahayana Automobile, does not have this distress. "Although Niu Chuangxin Energy is only leased in the Mahayana Automobile Industrial Park, its production qualification has been used by Niu Chuangxin Energy." The above-mentioned insiders close to Niu Chuangxin Energy said that Niu Chuangxin Energy's first mass production car will not be delivered until next year, and production has not yet officially started.
On December 15, Niu Chuangxin Energy released the English brand "NIUTRON" and the Chinese brand "Self-Touring", and the first product, Self-Tourism NV, is scheduled to be listed in the first half of 2022 and accepts reservations, and the delivery will start in September of the same year.
Image source: Courtesy of the enterprise
Qixinbao data shows that on October 27, 2020, Changzhou Niuchuang Technology Co., Ltd. completed registration; in December 2020, Jiangsu Niuxin Energy Technology Co., Ltd. completed registration. The registered places of these two companies are located in the Jintan production base of Mahayana Automobile, and the founders are Li Yinan, the former founder of Xiaoniu Electric.
According to the above-mentioned insiders close to Niu Chuangxin Energy, at present, Niu Chuangxin Energy uses the Mahayana Automobile Technology Industrial Park located in Jintan by leasing, and some employees of the company have officially worked here. "Until now, we have not officially bought the Jintan production base of Mahayana Automobile, and we plan to 'rent first and buy later'." Niu Chuangxin Energy related staff told reporters that the specific time will be bought, it is not known at present, can only say that it will choose the opportunity to buy.
It is reported that in order to solve the problem of production qualifications, Li Yinan planned to achieve cross-border car manufacturing through the acquisition of BAIC BJEV Changzhou plant before choosing Mahayana, and the two sides have negotiated on the acquisition. "Li Yinan did go to the BAIC BJEV Changzhou plant, but he only went to understand it, and did not talk about the acquisition at all." The above-mentioned insiders close to Niu Innovative Energy said that for Niu Innovative Energy, compared with the Production Base of Mahayana Automobile, the production capacity of BAIC BJEV Changzhou Factory is a bit small.
According to public information, the first phase of the BAIC BJEV Changzhou plant project has formed an annual production capacity of 50,000 new energy vehicles. According to Li Yinan, Niu Innovation Energy Changzhou plant covers an area of 770,000 square meters, and the overall design capacity is 180,000 vehicles / year.
At present, the Jintan production base of Mahayana Automobile has been basically completed, and the production equipment in the plant is in a normal production state, but it has been idle for a period of time. "The Jintan factory of Mahayana Automobile already has four major process workshops, and after Niu Chuangxin Energy takes over, it only needs to be rebuilt and upgraded on the existing basis, so that Niu Chuangxin Energy can achieve mass production more quickly with less capital." The above-mentioned insider close to Niu Innovative Energy said.
According to Li Yinan, the Changzhou plant of Niu Innovation Energy is currently undergoing pre-mass production transformation and calibration, and will be put into use in March 2022.
"National VI" standard switched to "the last straw"
With BYD and Niu Chuangxin Energy "taking over" the two major production bases owned by Mahayana Automobile, the bankruptcy and restructuring of Mahayana Automobile, which has been established for 7 years, may have entered the countdown.
In September this year, Jiangxi Mahayana Motor added a new bankruptcy restructuring information, after the company had three bankruptcy records before that. On December 7 this year, Mahayana Motor added another bankruptcy restructuring record.
In fact, just one year after the official release of the "Mahayana" brand in September 2018, Mahayana was exposed to financial difficulties. Since October 2019, news has been emerging about employees of Mahayana Motors being owed wages. The reporter learned from relevant insiders that as of now, the problem of Passenger Cars' arrears of employee wages has not been completely solved.
Image source: Daily Economic News Infographic
In 2020, Mahayana Motors was also collectively defended by its dealers because Mahayana Motor notified the dealers to stop supplying new cars, but did not perform the compensation clause of the contract, and refused to return the dealers who had paid money but did not get the new car.
The reporter checked the official website of Mahayana Automobile and found that the company has three brand models: G70S, G60, and G60S. However, the reporter called a number of dealers on its official website and found that the registered telephone was mostly an "empty number", and even if it could be opened, the other party also said that it was selling other models.
The current business difficulties of Mahayana Automobile have a lot to do with the pre-cooling of its models in the market. According to public data, the cumulative sales volume of Mahayana In 2018 was only 20,000 units, and although sales increased slightly in 2019, rising to 25,800 units, the arrival of the new crown epidemic made Mahayana "worse". The company sold less than 10,000 vehicles in 2020.
With the implementation of the "National VI" emission standards, the technical capabilities of Mahayana automobiles cannot meet the requirements of emission standards, and eventually can only move to the point of car-free production and no car to sell. The reporter found that since entering 2021, Mahayana Has No Sales Data to Check.
The sluggish performance and financial situation were worrying, which eventually led to the concentrated outbreak of problems such as the unpaid wages of Theravada employees and the protection of the rights of dealers. Public information shows that last year, the land of Theravada Automobile's production base in the old town of Fuzhou City was collected, stored and sold. The Mahayana Science and Technology Industrial Park in Jintan, Changzhou, was auctioned off for 1.551 billion yuan in June.
The above-mentioned person familiar with the matter, who did not want to be named, told reporters that in the face of the mahayana car that has gone, the relevant government authorities have been looking for a "buyer" for it in addition to seeking a rescue law.
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